RE: Looks like a sale sooner And keep reading....
"This loan facility retires expensive debt and furnishes extra equity to help complete the Yabucoa financing."
Only #3 is complete. We still need #1 and #2 (from July release):
"1. Financial completion and start of major construction on the 30-MW Yabucoa Project, Puerto Rico. This will add $160 million to Western Wind's balance sheet to approximately $560 million at time of sale;
2. Negotiating the balance of the cash grant proceeds from treasury;
3. Completion of the mezzanine loan facility from our senior lender in the amount of $25 million, which can repay the high cost corporate notes;"
We'll get there though!