SunEdison To Sell $500 Million In Debt For Solar Acquisitions

SunEdison Inc., the best-performing U.S. solar company this year, is offering $500 million in convertible debt for acquisitions on three continents. About $350 million to $400 million of the net proceeds will be used on projects and to pay debt on solar farms held by subsidiary TerraForm Power Inc. SunEdison, based in suburban St. Louis, created TerraForm to own and operate renewable power plants. SunEdison is up 50 percent this year, the most of any U.S. company in the Bloomberg Industries Global Large Solar Energy Index.

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