The Traderszone Network

Published in TZ Latest News 3 June, 2016 by The TZ Newswire Staff

Bondholders to TerraForm Power and TerraForm Global: You’re in Default

Sune Spain Power Plant

Image source: SunEdison.

SunEdison (NASDAQOTH: SUNEQ) is already bankrupt, but the problems at its yieldcos TerraForm Power (NASDAQ: TERP) and TerraForm Global (NASDAQ: GLBL) are just beginning. This week, it was revealed that holders of $1.25 billion in bonds sold by TerraForm Power and $760 million in bonds from TerraForm Global have filed notice of default.

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