8point3 Enters into a Definitive Agreement to be Acquired by Capital Dynamics

公開日 2018/02/07
SunPower  First Solar 
First Solar, Inc. and SunPower Corporation announced that their joint-venture yieldco, 8point3 Energy Partners LP has entered into an Agreement and Plan of Merger and Purchase Agreement with CD Clean Energy and Infrastructure V JV, LLC and certain other co-investors.

Pursuant to the Proposed Transactions, the Partnership's Class A shareholders and the Sponsors, as holders of common and subordinated units in OpCo, will receive $12.35 per share or per unit in cash, plus a preset daily amount representing cash expected to be generated from December 1, 2017 through closing less any distributions received after the execution of the Merger Agreement. No consideration will be received by the Sponsors for the incentive distribution rights and the GP Transfer pursuant to the Proposed Transactions.

- Proposed Transactions represent about $977 million in equity value and about $1.7 billion in enterprise value

- Culmination of an extensive and competitive marketing process with more than 130 parties contacted

- Committed debt financing secured by Capital Dynamics enhances certainty of closing the Proposed Transactions

- Proposed Transactions unanimously approved by the Conflicts Committee of the Board of Directors of 8point3 and approved by the Board of Directors of the General Partner as well as the Boards of Directors of First Solar and SunPower

- Proposed Transactions expected to close in second fiscal quarter or third fiscal quarter of 2018

The completion of the Proposed Transactions is subject to a number of closing conditions, including approval by a majority of the outstanding 8point3 public Class A shareholders, the expiration of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, Federal Energy Regulatory Commission (FERC) Section 203 approval and the approval of the Committee on Foreign Investment in the United States (CFIUS). The Sponsors, which are the indirect owners of the General Partner and approximately 64.5 percent of OpCo's outstanding units, have executed an agreement to vote in support of the Proposed Transactions. Additionally, the Proposed Transactions are subject to certain other customary closing conditions.


この記事で言及した企業のENFプロフィール

SunPower (ソーラーコンポーネント): https://jp.enfsolar.com/sunpower-1
SunPower (ソーラーパネル): https://jp.enfsolar.com/sunpower-1
First Solar (ソーラーパネル): https://jp.enfsolar.com/first-solar
SunPower (ソーラー素材): https://jp.enfsolar.com/sunpower-1
First Solar (リサイクル): https://jp.enfsolar.com/first-solar
PV業界のニュースは無料で再発行されますので、あなたのニュースを に送ってください