SunEdison's stock surges after disclosure of talks
Post# of 22759
7 minutes ago - DJNF
SunEdison Inc.'s stock (SUNE) surged 5.4% in active premarket trade Thursday, after the renewable energy company said it was in talks on a new second lien credit facility of up to $650 million. The company said in a regulatory filing that the proceeds of the potential new facility, which may include a significant amount of outstanding equity, would be used to repay the existing second lien credit facility. The stock has tumbled 72% year to date, while the iShares Global Clean Energy ETF (ICLN) has gained 2.7% and the S&P 500 has tacked on 0.3%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 24, 2015 08:11 ET (13:11 GMT)
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