BRIEF-SunEdison at risk of bankruptcy, Terraform Global says

martes 29 de marzo de 2016 06:33 GYT
 

March 29 (Reuters) - Terraform Global Inc :

* Sees filing of annual report on form 10-k for fiscal year ended December 31, 2015 to be delayed beyond march 30, 2016

* Expect to file a form 12b-25 on or prior to march 30, 2016

* Currently have identified a material weakness in internal controls over financial reporting

* Have not yet completed all steps and tasks necessary to finalize financial statements and other required disclosures

* Sunedison has not performed as obligated under management services deal, in particular with respect to financial reporting, control matters

* Sunedison has not or may not be able to perform under other agreements, including deal with respect to contribution of projects in Uruguay, India

* Sunedison has not or may not be able to perform under other deals, including pending dropdown of some India project portfolio of 425 MW bought by Terraform Global Llc

* If Sunedison does not perform under some agreements, it could have a material adverse effect on Terraform global   Continuación...