SunEdison may have triggered a collateral call on its $410 million margin loan, a report from CreditSights says, citing a decline in the financially-linked TerraForm Power Inc, which fell 36 percent in September and continued to slide, down 49 percent year to date. TerraForm is known as a "yieldco," the spin-off of a related business venture.
Subscription newsletter cites margin call, but bemoans lack of disclosure
CreditSights has determined the potential cash collateral shortfall could be $315 million based on related correlation with TerraForm’s September ending price of $14.22 per share, but the report was less sure due to what it called a troubling lack of transparency.
“It is entirely possible the company...
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