TerraForm Global Extends Termination Date of Merger Agreement to March 6, 2018
December 05 2017 - 4:30PM
TerraForm Global, Inc. (Nasdaq:GLBL) (“TerraForm Global” or the
“Company”), a global owner and operator of clean energy power
plants, today announced that it has exercised its right to extend
the termination date under the Agreement and Plan of Merger entered
into on March 6, 2017 with certain affiliates of Brookfield Asset
Management Inc. (the “Merger Agreement”) from December 6, 2017 to
March 6, 2018. However, the closing of the merger is currently
anticipated to occur no later than December 29, 2017 on the terms
previously approved by the Company’s stockholders at the special
meeting held on November 13, 2017.
About TerraForm Global
TerraForm Global is a renewable energy company that creates
value for its investors by owning and operating clean energy power
plants in high-growth emerging markets. For more information about
TerraForm Global, please visit: www.terraformglobal.com.
Contacts:
Investors:Ian SpeightTerraForm GlobalGLBL-IR@terraform.com
Media:Meaghan Repko / Joseph Sala Joele Frank, Wilkinson Brimmer
KatcherGLBL-media@terraform.com(212) 355-4449
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements can be identified by the fact that they do not relate
strictly to historical or current facts. These statements involve
estimates, expectations, projections, goals, assumptions, known and
unknown risks, and uncertainties and typically include words or
variations of words such as “expect,” “anticipate,” “believe,”
“intend,” “plan,” “seek,” “estimate,” “predict,” “project,” “goal,”
“guidance,” “outlook,” “objective,” “forecast,” “target,”
“potential,” “continue,” “would,” “will,” “should,” “could,” or
“may” or other comparable terms and phrases.
Such statements include, without limitation, statements
regarding the anticipated timing of the closing of the merger
contemplated by the Merger Agreement and the final terms of such
transaction. These forward-looking statements are based on current
expectations as of the date of this press release and are subject
to known and unknown risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
by such statements, including but not limited to: the possibility
of delays in satisfying the remaining conditions to the closing of
the merger contemplated by the Merger Agreement; whether the
Company is able to resolve certain pending securities litigation on
favorable terms, or at all; and additional factors we have
described in other filings with the SEC.
The risks included above are not exhaustive. Other factors that
could adversely affect our business and prospects are described in
the filings made by us with the SEC. The Company undertakes no
obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or
otherwise, except as otherwise required by law.
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