On Friday, Shares of TerraForm Global, Inc. (NASDAQ:GLBL), lost -6.67% to $14.
SunEdison, Inc. and TerraForm Global, Inc. declared that TerraForm Global, a partner of SunEdison, has priced an underwritten initial public offering of 45,000,000 shares of its Class A common stock at a price to the public of $15.00 per share, representing gross proceeds of $675 million. In connection with this offering, TerraForm Global has granted the underwriters a 30-day option to purchase up to an additional 6,750,000 shares of Class A common stock at the initial public offering price. TerraForm Global will also receive gross proceeds of $67.5 million from the sale of shares of Class A common stock in connection with a concurrent private placement transaction at a price per share equal to the initial public offering price.
TerraForm Global intends to use the net proceeds of this offering and the gross proceeds from the private placement transactions described in the prospectus to acquire newly-issued Class A units of TerraForm Global, LLC (“Global LLC”). Global LLC will use such proceeds and cash on hand, together with proceeds of the $810.0 million senior unsecured notes offering of TerraForm Global Operating, LLC, to repay all outstanding indebtedness (counting accrued interest) under its bridge facility, to pay pending acquisition consideration, to repay project-level indebtedness and for general corporate purposes, which may comprise future acquisitions of clean energy generation assets from SunEdison or from unassociated third parties.
J.P. Morgan and Barclays are serving as joint bookrunning managers and structuring advisors in the offering, and Citigroup, Morgan Stanley, Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities are serving as joint bookrunners in the offering.
TerraForm Global, Inc. owns and operates renewable energy generation assets worldwide. It generates electricity through solar, wind, and hydro-electric projects with a total combined capacity of 987.8 megawatts. The company serves utility, commercial, industrial, and governmental customers.
Shares of Gilead Sciences Inc. (NASDAQ:GILD), declined -0.03% to $117.86, during its last trading session.
Gilead Sciences declared that the company’s Board of Directors has declared a cash dividend of $0.43 per share of common stock for the third quarter of 2015. The dividend is payable on September 29, 2015, to stockholders of record at the close of business on September 16, 2015. Future dividends will be subject to Board approval.
Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines in areas of unmet medical need in North America, South America, Europe, and the Asia-Pacific. The company’s products comprise Stribild, Complera/Eviplera, Atripla, Truvada, Viread, Emtriva, Tybost, and Vitekta for the treatment of human immunodeficiency virus (HIV) infection in adults; and Harvoni, Sovaldi, Viread, and Hepsera products for the treatment of liver disease.
Finally, Office Depot, Inc. (NASDAQ:ODP), ended its last trade with 0.25% gain, and closed at $8.
Office Depot declared free in-store upgrade to Microsoft Corp.’s newest operating system, Windows 10, starting July 31 on eligible Windows devices purchased at either Office Depot and OfficeMax retail locations.
“At Office Depot we are proud to be the total technology solutions retailer,” said Ron Lalla, executive vice president of merchandising for Office Depot, Inc. “We strive to offer premiere tech services and time-saving products and solutions for our customers. Our Microsoft-trained store associates are a prime example of our dedication to tech and are ready to assist with the in-store upgrade to Windows 10 on eligible devices purchased from Office Depot and OfficeMax stores.”
With Windows 10, users get more built-in security protections, faster start-ups, an expanded and customized Start menu and great new innovative features to maximize productivity.
True technological expertise doesn’t stop with sales: Office Depot fixes computers too. For current PC owners looking to upgrade to Windows 10, Office Depot will offer PC tune-ups to boost speeds, check for viruses and more for free – a $29.99 value.
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
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