SunEdison plans to stop interest payments on yieldcos' notes

August 3, 2016 11:38 PM

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SunEdison plans to stop interest payments on yieldcos' notes

Bankrupt solar company SunEdison (SUNEQ.PK) plans to stop making interest payments on behalf of its two yieldcos, TerraForm Global Inc (GLBL.O) and TerraForm Power LLC (TERP.O), due to its Chapter 11 proceedings, the two companies said.

SunEdison had agreed to pay interest on senior notes issued by TerraForm Power and TerraForm Global, the two companies said on Wednesday.

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