BETHESDA, Md., Oct. 24, 2017 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”) today
announced that its indirect subsidiary TerraForm Power Operating, LLC (the “Issuer”), intends to begin marketing a $300 million
secured Term Loan B (the “Term Loan”), subject to market conditions and other factors.
The Issuer intends to use the net proceeds of the Term Loan, as well as cash on hand, to repay the balance of its non-recourse
portfolio term loan that was entered into in December 2015.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any
jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such
authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and
sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the
“U.S. Securities Act”) or any state securities laws and may not be offered or sold in the United States or to United States persons
absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state
securities laws.
About TerraForm Power
TerraForm Power owns and operates a best-in-class renewable power portfolio of solar and wind assets located primarily in the
U.S., totaling more than 2,600 megawatts of installed capacity. TerraForm Power has a mandate to acquire operating solar and
wind assets in North America and Western Europe. TerraForm Power is listed on the Nasdaq stock exchange (Nasdaq:TERP). It is
sponsored by Brookfield Asset Management, a leading global alternative asset manager with more than US$250 billion of assets under
management.
For more information about TerraForm Power, please visit: www.terraformpower.com.
Safe Harbor Disclosure
This news release contains forward-looking statements and information within the meaning of Section 27A of
the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as
amended, "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements provide TerraForm Power’s current expectations or predictions of future conditions, events, or
results and speak only as of the date they are made. Although TerraForm Power believes its expectations and assumptions are
reasonable, it can give no assurance that these expectations and assumptions will prove to have been correct and actual results may
vary materially.
TerraForm Power disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in
underlying assumptions, factors, or expectations, new information, data, or methods, future events, or other changes, except as
required by law. The foregoing list of factors that might cause results to differ materially from those contemplated in the
forward-looking statements should be considered in connection with information regarding risks and uncertainties which are
described in TerraForm Power’s Form 10-K for the fiscal year ended December 31, 2016, as well as additional factors it may describe
from time to time in other filings with the Securities and Exchange Commission. You should understand that it is not possible to
predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential
risks or uncertainties.
Contacts:
Investors for TerraForm Power:
Brett Prior
Head of Investor Relations
investors@terraform.com
Media for TerraForm Power:
Claire Holland
(416) 369-8236
claire.holland@brookfield.com
