SunEdison unit makes $95 million paydown on margin loan agreement

By Susanna Moon

Chicago, Nov. 24 – Sune ML 1, LLC, a special purpose subsidiary of SunEdison, Inc., announced it has repaid an additional $95 million due and owing under a margin loan agreement dated Jan. 29.

Deutsche Bank AG was the administrative and calculation agent, according to a news release.

Approximately $5 million of the principal amount remains outstanding as cash collateral under the agreement.

Sune ML 1 is a Delaware-based limited liability company.

St. Peters, Mo.-based SunEdison is a renewable energy company that makes solar technology and develops solar power plants.

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