Global Operating LLC plans to issue $800 million in senior unsecured notes due 2022 to qualified institutional buyers and certain non-U.S. persons. The proceeds will be used to repay the Bridge Facility, pay fees, complete acquisitions, and repay project-level debt. A new $440 million revolving credit facility will be established. The offering transactions include agreements with the Sponsor and the use of proceeds to purchase and cancel Class B units from the Sponsor. Post-offering, Global will be a holding company with significant control over Global LLC.
documents/vol00010-efta01366462-pdf.pdf
{"document_type":"financial","document_subtype":"financial offering","key_organizations":["Global Operating LLC","Global LLC","SunEdison"],"reference_numbers":["0001193125-15-256461"]}