Attached files
file | filename |
---|---|
8-K - 8-K - TERRAFORM GLOBAL, INC. | glbl8-kbondholderdisclosure.htm |
EX-99.3 - EXHIBIT 99.3 - TERRAFORM GLOBAL, INC. | glbl8-kbondholderexhibit993.htm |
EX-99.2 - EXHIBIT 99.2 - TERRAFORM GLOBAL, INC. | glbl8kbondholderdiscle29.htm |
TerraForm Global Provides Preliminary Financial Data for Bondholders
BETHESDA, Md., July 19, 2016 – TerraForm Global, Inc. (Nasdaq: GLBL, “the Company”), a global
owner and operator of clean energy power plants, at the request of certain of its bondholders, has posted
a presentation on its website today containing selected financial information. This presentation contains
preliminary unaudited financial information for the second half of 2015 and first quarter of 2016. The
financial information may change materially as a result of the completion of the audit of the Company’s
financial results for fiscal year 2015. The information does not represent a complete picture of the
Company’s financial position, results of operations or cash flows and is not a replacement for full financial
statements prepared in accordance with U.S. GAAP.
TerraForm Global has also posted an updated disclosure addressing risk factors relating to the
Company’s business. The risk factors update the discussion of risks included in the Company’s
Prospectus, dated July 31, 2015, relating to TerraForm Global’s initial public offering and in its Form 10-Q
for the period ended September 30, 2015, which contains the Company’s most recent published interim
financial statements.
The financial information and risk factors may be found on the Investor section of the Company’s website
at www.terraformglobal.com. They have also been included as exhibits to a Form 8-K furnished by the
Company to the Securities and Exchange Commission.
About TerraForm Global
TerraForm Global is a renewable energy company that is changing how energy is generated, distributed
and owned. TerraForm Global creates value for its investors by owning and operating clean energy power
plants in high-growth emerging markets. For more information about TerraForm Global, please visit:
www.terraformglobal.com.
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements can be identified by the fact that they do not relate strictly to historical or current facts. These
statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks,
and uncertainties and typically include words or variations of words such as “expect,” “anticipate,”
“believe,” “intend,” “plan,” “seek,” “estimate,” “predict,” “project,” “goal,” “guidance,” “outlook,” “objective,”
“forecast,” “target,” “potential,” “continue,” “would,” “will,” “should,” “could,” or “may” or other comparable
terms and phrases. All statements that address operating performance, events, or developments that
TerraForm Global expects or anticipates will occur in the future are forward-looking statements. They may
include estimates of expected adjusted EBITDA, cash available for distribution (CAFD), earnings,
revenues, capital expenditures, liquidity, capital structure, future growth, financing arrangement and other
financial performance items (including future dividends per share), descriptions of management’s plans or
objectives for future operations, products, or services, or descriptions of assumptions underlying any of
the above. Forward-looking statements provide TerraForm Global’s current expectations or predictions of
future conditions, events, or results and speak only as of the date they are made. Although TerraForm
Global, believes its respective expectations and assumptions are reasonable, it can give no assurance
that these expectations and assumptions will prove to have been correct and actual results may vary
materially.
By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual
results to differ materially from those suggested by the forward-looking statements. Factors that might
cause such differences include, but are not limited to, our relationship with SunEdison, including
Exhibit 99.1
SunEdison’s bankruptcy filings and our reliance on SunEdison to perform under material intercompany
agreements and to provide management and accounting services, project level operation and
maintenance and asset management services, to maintain critical information technology and accounting
systems and to provide our employees; our ability to integrate the projects we acquire from third parties or
otherwise realize the anticipated benefits from such acquisitions; actions of third parties, including but not
limited to the failure of SunEdison to fulfill its obligations; price fluctuations, termination provisions and
buyout provisions in offtake agreements; delays or unexpected costs during the completion of projects
under construction; our ability to successfully identify, evaluate, and consummate acquisitions from
SunEdison or third parties or changes in expected terms and timing of any acquisitions; regulatory
requirements and incentives for production of renewable power; operating and financial restrictions under
agreements governing indebtedness; the condition of the debt and equity capital markets and our ability
to borrow additional funds and access capital markets; the impact of foreign exchange rate fluctuations;
our ability to compete against traditional and renewable energy companies; hazards customary to the
power production industry and power generation operations, such as unusual weather conditions and
outages or other curtailment of our power plants; departure of some or all of SunEdison’s employees that
are dedicated to the Company; pending and future litigation; and our ability to operate our business
efficiently, to operate and maintain our information technology, technical, accounting and generation
monitoring systems, to manage and complete governmental filings on a timely basis, and to manage our
capital expenditures, economic, social and political risks and uncertainties inherent in international
operations, including operations in emerging markets and the impact of foreign exchange rate
fluctuations, the imposition of currency controls and restrictions on repatriation of earnings and cash,
protectionist and other adverse public policies, including local content requirements, import/export tariffs,
increased regulations or capital investment requirements, conflicting international business practices that
may conflict with other customs or legal requirements to which we are subject, inability to obtain, maintain
or enforce intellectual property rights, and being subject to the jurisdiction of courts other than those of the
United States, including uncertainty of judicial processes and difficulty enforcing contractual agreements
or judgments in foreign legal systems or incurring additional costs to do so. Furthermore, any dividends
are subject to available capital, market conditions, and compliance with associated laws and regulations.
Many of these factors are beyond TerraForm Global’s control.
TerraForm Global disclaims any obligation to publicly update or revise any forward-looking statement to
reflect changes in underlying assumptions, factors, or expectations, new information, data, or methods,
future events, or other changes, except as required by law. The foregoing list of factors that might cause
results to differ materially from those contemplated in the forward-looking statements should be
considered in connection with information regarding risks and uncertainties which are described in
TerraForm Global’s Prospectus, dated July 31, 2015, and Forms 10-Q with respect to the second and
third quarters of 2015, as well as additional factors it may describe from time to time in other filings with
the Securities and Exchange Commission or incorporated herein. You should understand that it is not
possible to predict or identify all such factors and, consequently, you should not consider any such list to
be a complete set of all potential risks or uncertainties.
Contacts:
Investors / Analysts:
Brett Prior
investors@terraform.com
+1 (650) 889-8628
Media:
media@terraform.com
Exhibit 99.1