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SunEdison yieldcos secure more time to file financial reports

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SunEdison yieldcos secure more time to file financial reports

TerraFormPower Inc. has secured more time to submit its financial statementswith lenders represented by Barclays Bank PLC. The yieldco now has untilMay 28 to file its statements for both the 2015 fiscal year and the 2016 firstquarter.

The 2015 financial statement was previously due May 7,according to a Form 8-K filed May 10.

SunEdison's TerraForm Global Inc. yieldco vehicle has also securedmore time to file its financial statements with lenders represented by GoldmanSachs Bank USA. However, its revolving credit facility has been reduced to $350million.

The business has until Aug. 29 to file its 2015 financialstatements while first-quarter 2016 statements will be due June 30.