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TerraForm Power Operating amends revolver

TerraForm Power Operating LLC and its lenders agreed to reprice a credit and guaranty agreement and extend its maturity date to Oct. 5, 2023.

The interest rate on the revolving loans was reduced by 0.75% per year due to the repricing amendment, according to an Oct. 9 filing. The revolving loans bear interest at a rate equal to, at the company's option, either a base rate plus an applicable margin ranging from 0.50% to 1.25% per annum or the London interbank offered rate plus an applicable margin ranging from 1.50% to 2.25% per annum.

TerraForm Power Operating is a subsidiary of TerraForm Power Inc.