TerraForm Power to repay term loan borrowings with new note proceeds

By Marisa Wong

Los Angeles, Oct. 10 – TerraForm Power, Inc. said it plans to repay in full amounts outstanding under its senior secured term loan using proceeds from an offering of new notes.

The company announced on Thursday that it plans to offer $700 million of 10-year senior notes.

The company said it also plans to use proceeds to redeem in full its existing senior notes due 2025.

TerraForm Power is a Bethesda, Md.-based owner and operator of a renewable power portfolio of solar and wind assets.

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