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TerraForm Global Inc (GLBL.OQ)

GLBL.OQ on NASDAQ Stock Exchange Global Select Market

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11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Terraform Global Extends Termination Date Of Merger Agreement To March 6, 2018
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Terraform Global Inc ::TERRAFORM GLOBAL EXTENDS TERMINATION DATE OF MERGER AGREEMENT TO MARCH 6, 2018.TERRAFORM GLOBAL INC - HAS EXERCISED ITS RIGHT TO EXTEND TERMINATION DATE UNDER AGREEMENT AND PLAN OF MERGER ENTERED WITH BROOKFIELD ASSET MANAGEMENT.TERRAFORM GLOBAL INC - TERMINATION DATE UNDER AGREEMENT EXTENDS FROM DECEMBER 6, 2017 TO MARCH 6, 2018.TERRAFORM GLOBAL INC - CLOSING OF MERGER IS CURRENTLY ANTICIPATED TO OCCUR NO LATER THAN DECEMBER 29, 2017.  Full Article

TerraForm Global reports 3q 2017 financial results
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Terraform Global Inc :TerraForm Global reports 3Q 2017 financial results and files form 10-Q.TerraForm Global Inc-qtrly ‍net revenue $67 million versus $55 million​.  Full Article

Brookfield Renewable qtrly FFO per unit ‍$0.29​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Brookfield Renewable Partners Lp ::Brookfield Renewable reports strong third quarter results.Brookfield Renewable Partners LP - qtrly FFO per unit ‍$0.29​.Brookfield Renewable Partners LP - qtrly ‍revenues $608 million versus $580​ million.Brookfield Renewable Partners LP says ‍continue to progress 100 pct acquisition of TerraForm Global, with a shareholder vote scheduled for mid-November​.  Full Article

TerraForm Global announces receipt of Nasdaq letter
Friday, 17 Mar 2017 

TerraForm Global Inc : Terraform global announces receipt of nasdaq letter . Notification letter stated that because company has not yet filed form 10-k for year ended december 31, 2016 .On march 17, 2017 company received notification letter from a director of nasdaq listing qualifications.  Full Article

Terraform Global says deadline under MoU, regarding potential settlements of claims between SunEdison extended to Feb 2.
Tuesday, 31 Jan 2017 

TerraForm Global Inc : TerraForm Global- yieldcos, Global LLC, Terra LLC, Sunedison modified mou to extend deadline for agreeing to terms of settlement agreements - sec filing .Terraform Global-deadline under MoU, regarding potential settlements of claims between Sunedison, its debtors, their employees, is extended to Feb 2.  Full Article

Terraform Global says consents to sale of SunEdison India assets
Tuesday, 27 Sep 2016 

Terraform Global Inc : Has agreed not to pursue claims against a third-party buyer relating in any way to assets included in third party sale transaction . Terraform global inc says company has retained all of its claims against sunedison and its affiliated persons . Co agreed not to pursue claims against a third-party buyer relating in any way to assets included in third party sale transaction . Pursuant to proceeds sharing arrangement co entitled to get portion of cash proceeds received by sunedison parties from tuesday's deal . Company does not expect proceeds from tuesday's deal to exceed $10 million . Terraform global consents to sale of sunedison india assets . Third party sale includes 425 mw india portfolio of solar energy projects for which company made a prepayment to sunedison in q4 of 2015 . Third party sale transaction also includes bora bora project in india and certain assets in uruguay .Co, certain subsidiaries of sunedison that directly or indirectly own assets involved in deal entered proceeds sharing arrangement.  Full Article

Terraform Global Operating launches consent solicitation related to senior notes
Friday, 26 Aug 2016 

Terraform Global Inc : Terraform Global Operating, LLC launches consent solicitation related to senior notes .Unit launched solicitation of consents of its 9.75% senior notes due 2022.  Full Article

Terraform Global to delay filing second-qtr earnings report
Wednesday, 10 Aug 2016 

Terraform Global Inc : Unable to timely file its form 10-Q quarterly report for the quarter ended June 30, 2016 . Delay in filing form 10-Q is due to need to complete all steps and tasks necessary to finalize company’s financial statements . Expects results of operations for quarter ended June 30, 2016 to be significantly different from the corresponding period in 2015 . Expect it will be necessary to implement additional controls, procedures & take remedial actions before finalizing 2015 year-end statements . Files for non timely 10-Q . "to date, we have identified material weaknesses in the company’s internal control over financial reporting" .Sees results for quarter ended June 30 to be different due to co's IPO completed on August 5, 2015,growth of renewable energy portfolio.  Full Article

Terraform Global received a letter from SunEdison to terminate interest payment agreement
Wednesday, 3 Aug 2016 

Terraform Global : Received a letter from SunEdison purporting to terminate interest payment agreement dated as of August 5, 2015 .Terraform Global inc says contests the purported termination of the agreement and believes that the termination letter is "invalid"- SEC filing.  Full Article

Terraform Global says Sunedison has requested that company share confidential information
Wednesday, 20 Jul 2016 

Terraform Global Inc : Sunedison has requested that co share confidential information about the company . Sunedison requested that co take other steps to facilitate marketing of Sunedison interests in co; co considering Sunedison's request . Co details preliminary financial data for bondholders in presentation . Delays in filing form 10-K for fiscal year ended Dec 31, 2015, form 10-Q for quarter ended March 31 could have material adverse effect . Delay in filing form 10-K and audited financial statements may impair ability to obtain financing and access the capital markets . Financials for year ended Dec 31, 2015 or related audit report may include note regarding co’s ability to continue as going concern . If we incur material tax liabilities, distributions to holders of class a common stock may be reduced . A number of 425 MW India projects appear to have been cross-funded or cross-collateralized by sunedison in violation of project lending agreements . Q1 earnings per share view $0.14, revenue view $102.3 million -- Thomson Reuters I/B/E/S . In active discussions with Sunedison's concerning jointly supported sales process; made no decision to support any bidder, structure or deal . Sees Q1 2016 revenue $47 million to $52 million . Sees Q1 2016 net loss $8 million to breakeven . Q1 operating results below management expectations due to unusually low wind in brazil.  Full Article