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TerraForm Global closes $400M senior note offering

TerraForm Global Operating LLC completed a $400 million offering of 6.125% senior notes due 2026.

The company used proceeds, together with cash on hand, to redeem in full its outstanding senior notes due 2022 and pay associated fees and expenses, according to a Feb. 22 news release.

With the redemption, the TerraForm Global Inc. subsidiary terminated change of control offer for any and all of the existing 2022 notes.