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  1. phil
    April 3rd, 2014 at 7:30 am

    SunEdison gets $250M in YieldCo financing from Goldman

    Yesterday, 03:57 PM ET · SUNE

    • Goldman is providing SunEdison’s (SUNE +0.5%) YieldCo solar project spinoff with a $250M credit facility ahead of its planned IPO.
    • SunEdison says it will use the facility to “acquire projects from third party developers as well as projects developed by SunEdison.”
    • The company previously said it would sell a 20%-30% stake in YieldCo, with the goal of raising up to $300M for new projects. The spinoff is expected to pay a dividend, and have $40M-$60M/year in distributable cash flow.
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