SEC Filings

Form DEFM14A
TERRAFORM POWER, INC. filed this Form DEFM14A on 09/06/2017
Document Outline
Entire Document (10059.6 KB)
Subdocument 1 - DEFM14A - DEFM14A
Page 1 - UNITED STATES
Page 2 - TerraForm Power, Inc.
Page 3 - N/A
Page 4 - Your vote is very important.
Page 5 - TerraForm Power, Inc.
Page 6 - The board of directors recommends that you vote
Page 7 - The failure to instruct your bank, brokerage firm or other nominee to vote
Page 8 - TABLE OF CONTENTS
Page 9 - N/A
Page 10 - SUMMARY
Page 11 - Record Date and Quorum (Page
Page 12 - AGAINST
Page 13 - AGAINST
Page 14 - Reasons for the Transactions; Recommendation of the Company s Board of Directors (Page
Page 15 - Centerview s financial advisory services and opinion were provided for the information
Page 16 - other transaction documents. Morgan Stanley s opinion was not intended to, and does not, express an
Page 17 - Material U.S. Federal Income Tax Consequences of the Transaction (Page
Page 18 - The Transaction Agreement (Page
Page 19 - Acquisition Proposals (Page
Page 20 - Conditions to Closing (Page
Page 21 - N/A
Page 22 - Remedies (Page
Page 23 - Master Services Agreement (Page
Page 24 - Sponsor Line Agreement (Page
Page 25 - Company Bylaws (Page
Page 26 - Governance of the Company Following the Merger (Page
Page 27 - The Guaranty (Page
Page 28 - The Settlement Agreement (Page
Page 29 - against
Page 30 - The Creditor Support Agreement (Page
Page 31 - SunEdison Registration Rights Agreement (Page
Page 32 - Appraisal Rights (Page
Page 33 - QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER
Page 34 - N/A
Page 35 - N/A
Page 36 - AGAINST
Page 37 - AGAINST
Page 38 - AGAINST
Page 39 - N/A
Page 40 - N/A
Page 41 - Beneficial Owner
Page 42 - IT IS IMPORTANT THAT YOU PROMPTLY VOTE YOUR SHARES OF OUR COMMON STOCK.
Page 43 - N/A
Page 44 - N/A
Page 45 - N/A
Page 46 - CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Page 47 - N/A
Page 48 - PARTIES TO THE TRANSACTIONS
Page 49 - THE SPECIAL MEETING
Page 50 - Attendance
Page 51 - FOR
Page 52 - brokerage firm or other nominee will not be counted for the purpose of determining whether a quorum
Page 53 - Please do not send in your stock certificates with
Page 54 - Solicitation of Proxies; Payment of Solicitation Expenses
Page 55 - THE MERGER
Page 56 - N/A
Page 57 - N/A
Page 58 - N/A
Page 59 - N/A
Page 60 - N/A
Page 61 - N/A
Page 62 - N/A
Page 63 - N/A
Page 64 - N/A
Page 65 - N/A
Page 66 - N/A
Page 67 - N/A
Page 68 - N/A
Page 69 - N/A
Page 70 - N/A
Page 71 - N/A
Page 72 - N/A
Page 73 - N/A
Page 74 - N/A
Page 75 - N/A
Page 76 - N/A
Page 77 - i.e.
Page 78 - D.E. Shaw Composite Holdings, L.L.C., et al. v. TerraForm Power, LLC, et al.
Page 79 - N/A
Page 80 - N/A
Page 81 - Reasons for the Transactions; Recommendation of the Company s Board of Directors
Page 82 - N/A
Page 83 - N/A
Page 84 - Opinions of the Company s Financial Advisors
Page 85 - Centerview s financial advisory services and opinion were
Page 86 - N/A
Page 87 - Summary of Centerview s Financial Analysis
Page 88 - of the summaries of the financial analyses set forth below include information presented in tabular
Page 89 - Selected Comparable Company Analysis
Page 90 - Consolidated Discounted Cash Flow Analysis
Page 91 - Other Considerations
Page 92 - Opinion of Morgan Stanley
Page 93 - The full text of Morgan Stanley s written opinion to the conflicts committee and the board of
Page 94 - N/A
Page 95 - Summary of Morgan Stanley Financial Analyses
Page 96 - Stand-Alone Financial Analyses
Page 97 - Levered Discounted Cash Flow Analysis
Page 98 - Dividend Discount Analysis
Page 99 - N/A
Page 100 - Trading Yield Analysis
Page 101 - N/A
Page 102 - Certain Company Forecasts
Page 103 - Management Stand-Alone Cases
Page 104 - Management Stabilize Case ($mm, except as otherwise noted)
Page 105 - CAFD
Page 106 - Regulation G Reconciliation of Non-GAAP Financial Measures
Page 107 - Management Growth Case ($mm, except as otherwise noted)
Page 108 - Management Sponsor Case ($mm, except as otherwise noted)
Page 109 - Election and Exchange Procedures; Surrender of Stock Certificates; Lost Stock Certificates
Page 110 - Promptly after the effective time of the merger (and in any event, within two business days after su
Page 111 - Severance
Page 112 - Global Equity Awards
Page 113 - Director and Officer Indemnification and Insurance
Page 114 - N/A
Page 115 - Conflicts of Interest Involving Global
Page 116 - Material U.S. Federal Income Tax Consequences of the Special Dividend and the Merger
Page 117 - N/A
Page 118 - Tax Consequences of Receiving the Special Dividend
Page 119 - Backup Withholding and Information Reporting
Page 120 - THE TRANSACTION AGREEMENT
Page 121 - Actions Immediately Prior to the Effective Time of the Merger SunEdison Exchange; Issuance to
Page 122 - Appraisal Rights.
Page 123 - Proration
Page 124 - Exchange and Payment Procedures
Page 125 - Withholding Rights
Page 126 - Representations and Warranties
Page 127 - Representations and Warranties of Brookfield Holdco and Merger Sub
Page 128 - Definition of a Material Adverse Effect
Page 129 - Covenants
Page 130 - N/A
Page 131 - Acquisition Proposals
Page 132 - bona fide
Page 133 - N/A
Page 134 - Special Stockholder Meeting
Page 135 - Cooperation and Approvals
Page 136 - Employee Benefits
Page 137 - Guaranty
Page 138 - Equity Adjustment with Respect to Final Resolution of Specified Litigation
Page 139 - N/A
Page 140 - Other Covenants and Agreements
Page 141 - Conditions to Closing
Page 142 - Conditions to Obligations of the Company
Page 143 - Termination by Either Brookfield Holdco or the Company
Page 144 - Termination Fees and Expenses
Page 145 - Remedies
Page 146 - Miscellaneous and General
Page 147 - THE SPONSORSHIP
Page 148 - Management and Employees
Page 149 - Management Fee
Page 150 - Termination
Page 151 - Arbitration
Page 152 - Outside Activities
Page 153 - Right of First Offer
Page 154 - Arbitration
Page 155 - Representations and Warranties; Covenants
Page 156 - Board of Directors; Chairperson and Lead Independent Director
Page 157 - Certificates of Stock
Page 158 - Officers
Page 159 - Termination
Page 160 - Transfers of Units and Other Membership Interests
Page 161 - Management
Page 162 - COMPARISON OF STOCKHOLDERS RIGHTS AND GOVERNANCE PRACTICES BEFORE AND
Page 163 - N/A
Page 164 - N/A
Page 165 - N/A
Page 166 - N/A
Page 167 - N/A
Page 168 - N/A
Page 169 - N/A
Page 170 - N/A
Page 171 - N/A
Page 172 - N/A
Page 173 - N/A
Page 174 - N/A
Page 175 - N/A
Page 176 - N/A
Page 177 - N/A
Page 178 - N/A
Page 179 - N/A
Page 180 - N/A
Page 181 - N/A
Page 182 - N/A
Page 183 - N/A
Page 184 - N/A
Page 185 - N/A
Page 186 - N/A
Page 187 - N/A
Page 188 - THE SETTLEMENT AGREEMENT, THE VOTING AND SUPPORT AGREEMENT AND THE
Page 189 - Mutual Releases and Rejection and Termination of Contracts
Page 190 - bona fide
Page 191 - Transfers and Conversions
Page 192 - Summary of the Voting and Support Agreement
Page 193 - Support Obligations
Page 194 - Termination
Page 195 - Termination
Page 196 - CHARTER AMENDMENT
Page 197 - N/A
Page 198 - Nomination of Directors
Page 199 - Removal of Directors
Page 200 - Stockholder Action by Written Consent
Page 201 - Limitation of Personal Liability of Directors
Page 202 - other
Page 203 - Dividends and Distributions
Page 204 - SUNEDISON REGISTRATION RIGHTS AGREEMENT
Page 205 - ADVISORY VOTE ON MERGER-RELATED COMPENSATION FOR THE COMPANY S NAMED
Page 206 - Merger-Related Compensation Proposal
Page 207 - MARKET PRICE OF CLASS A COMMON STOCK
Page 208 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Page 209 - N/A
Page 210 - N/A
Page 211 - APPRAISAL RIGHTS
Page 212 - Beneficial owners who do not also hold their shares of Class A common stock of record may not
Page 213 - Weinberger
Page 214 - Weinberger
Page 215 - HOUSEHOLDING OF PROXY MATERIALS
Page 216 - SUBMISSION OF FUTURE STOCKHOLDER PROPOSALS
Page 217 - YOU SHOULD RELY ONLY ON THE INFORMATION CONTAINED IN OR INCORPORATED BY
Page 218 - N/A
Page 219 - Annex A
Page 220 - TABLE OF CONTENTS
Page 221 - N/A
Page 222 - MERGER AND SPONSORSHIP TRANSACTION AGREEMENT
Page 223 - Sponsor IDR Holder
Page 224 - By-Laws
Page 225 - Effect of the Merger on Capital Stock
Page 226 - provided
Page 227 - No Election Share
Page 228 - Fall-Away Shares
Page 229 - Transfers
Page 230 - Code
Page 231 - Adjustments to Prevent Dilution
Page 232 - Affiliate
Page 233 - Exchange Act
Page 234 - Rights
Page 235 - Corporate Authority; Approval and Fairness
Page 236 - Company Reports; Internal Controls; Financial Statements
Page 237 - GAAP
Page 238 - Litigation and Liabilities
Page 239 - PBGC
Page 240 - Material Contracts and Government Contracts
Page 241 - provided
Page 242 - Leased Real Property
Page 243 - Environmental Law
Page 244 - Tax
Page 245 - Brokers, Finders and Other Advisors
Page 246 - Non-Reliance on Sponsor Estimates, Projections, Forecasts, Forward-Looking Statements and Business
Page 247 - Governmental Filings and Approvals; No Violations; Etc.
Page 248 - IFRS
Page 249 - Material Contracts and Government Contracts
Page 250 - Financial Ability
Page 251 - Capitalization of Merger Sub
Page 252 - Interim Operations of the Company
Page 253 - N/A
Page 254 - N/A
Page 255 - UK Sale Agreement
Page 256 - Acceptable
Page 257 - Change of Recommendation
Page 258 - Notice
Page 259 - Cooperation and Approvals
Page 260 - Status
Page 261 - Burdensome Condition
Page 262 - Expenses
Page 263 - D O Insurance
Page 264 - Transaction Litigation
Page 265 - Financing Sources
Page 266 - Debt Documents
Page 267 - Rights
Page 268 - Final Resolution
Page 269 - Final Order
Page 270 - Performance of Obligations of the Company
Page 271 - provided
Page 272 - Sponsor Expense
Page 273 - Excluded Distribution
Page 274 - Waiver of Conditions
Page 275 - Notices
Page 276 - Confidentiality Agreement
Page 277 - Debt Financing Provisions
Page 278 - Assignment
Page 279 - N/A
Page 280 - ANNEX A
Page 281 - N/A
Page 282 - N/A
Page 283 - N/A
Page 284 - EXHIBIT A
Page 285 - EXHIBIT B
Page 286 - EXHIBIT C
Page 287 - EXHIBIT D
Page 288 - EXHIBIT E
Page 289 - EXHIBIT F
Page 290 - EXHIBIT G
Page 291 - EXHIBIT H
Page 292 - EXHIBIT I
Page 293 - Annex B-1
Page 294 - WHEREAS
Page 295 - Approval Order
Page 296 - Exhibit C
Page 297 - Conversion
Page 298 - Claims
Page 299 - SunEdison Projects
Page 300 - provided
Page 301 - Subsidiary Joinders
Page 302 - Authority
Page 303 - GLBL Approval Order
Page 304 - provided
Page 305 - Transfer
Page 306 - Settlement Discussions
Page 307 - Amendments
Page 308 - N/A
Page 309 - N/A
Page 310 - N/A
Page 311 - N/A
Page 312 - N/A
Page 313 - N/A
Page 314 - EXHIBIT A
Page 315 - FOUND AND DETERMINED THAT:
Page 316 - Releases.
Page 317 - [SunEdison
Page 318 - Exhibits B or C
Page 319 - N/A
Page 320 - EXHIBIT B
Page 321 - EXHIBIT C
Page 322 - EXHIBIT D
Page 323 - Exhibit E
Page 324 - N/A
Page 325 - EXHIBIT F
Page 326 - N/A
Page 327 - Exhibit G
Page 328 - Losses
Page 329 - Notices
Page 330 - Effective Date
Page 331 - N/A
Page 332 - Annex B-2
Page 333 - GLBL Settlement Agreement
Page 334 - Include
Page 335 - ARTICLE III
Page 336 - bona fide
Page 337 - Public Statements
Page 338 - Registration Rights
Page 339 - Authority; Binding Nature of Agreement
Page 340 - Claims; Orders
Page 341 - Representations and Warranties of the Company
Page 342 - provided
Page 343 - Waiver
Page 344 - Assignability; Third-Party Rights
Page 345 - Severability
Page 346 - N/A
Page 347 - N/A
Page 348 - N/A
Page 349 - EXHIBIT A
Page 350 - provided
Page 351 - N/A
Page 352 - provided
Page 353 - EXHIBIT B
Page 354 - Opportunity to Object.
Page 355 - N/A
Page 356 - Annex B-3
Page 357 - Gender and Number.
Page 358 - Representations and Warranties
Page 359 - Miscellaneous
Page 360 - Assignability; Third-Party Rights.
Page 361 - Schedule 1
Page 362 - N/A
Page 363 - N/A
Page 364 - N/A
Page 365 - N/A
Page 366 - FORM OF JOINDER TO CREDITOR SUPPORT AGREEMENT
Page 367 - N/A
Page 368 - Annex C-1
Page 369 - TABLE OF CONTENTS
Page 370 - N/A
Page 371 - THIS MASTER SERVICE AGREEMENT
Page 372 - Base Management Fee Adjustment
Page 373 - Creditable Operating Entity Payment
Page 374 - Governmental Charges
Page 375 - Net Base Management Fee
Page 376 - Subsidiary
Page 377 - 1.4 Actions by the Service Providers or the Service Recipients
Page 378 - 1.10 Consent to Jurisdiction and Service of Process
Page 379 - 2.2 Other Service Recipients
Page 380 - 3.2 Responsibility for Certain Services
Page 381 - 3.5 Errors and Omissions Insurance
Page 382 - ARTICLE 6
Page 383 - 6.3 Access to Information by Service Provider Group
Page 384 - 7.2 Maximum Fees Payable by Service Recipients
Page 385 - 7.5 Governmental Charges
Page 386 - 9.2 Representations and Warranties of the Service Recipients
Page 387 - ARTICLE 10
Page 388 - 10.2 Limitation of Liability
Page 389 - 11.3 Termination by the Service Providers
Page 390 - 11.4 Survival Upon Termination
Page 391 - ARTICLE 12
Page 392 - 12.3 Continued Performance
Page 393 - N/A
Page 394 - 13.6 Further Assurances
Page 395 - IN WITNESS WHEREOF
Page 396 - N/A
Page 397 - Annex C-2
Page 398 - TABLE OF CONTENTS
Page 399 - RELATIONSHIP AGREEMENT
Page 400 - Business Day
Page 401 - Subsidiary
Page 402 - 1.4. Invalidity of Provisions
Page 403 - 1.9. Governing Law
Page 404 - Brookfield Fund
Page 405 - 2.3. TERP Acknowledgement
Page 406 - 3.4. Brookfield Group Approvals
Page 407 - ARTICLE 5
Page 408 - et
Page 409 - 7.3. Enurement
Page 410 - 7.6. Counterparts
Page 411 - IN WITNESS WHEREOF
Page 412 - N/A
Page 413 - Annex C-3
Page 414 - provided
Page 415 - Restricted Transfer
Page 416 - Purchasers May Request Information
Page 417 - Disqualified Person
Page 418 - Severability
Page 419 - provided
Page 420 - Director Replacement
Page 421 - however
Page 422 - Sponsor Group
Page 423 - ARTICLE NINE
Page 424 - ARTICLE TEN
Page 425 - Certain Definitions
Page 426 - ARTICLE FOURTEEN
Page 427 - Annex C-4
Page 428 - Stockholders List
Page 429 - Business Brought Before a Meeting of the Stockholders
Page 430 - Special Meetings of Stockholders
Page 431 - Section 10
Page 432 - General
Page 433 - Section 10
Page 434 - Order of Business
Page 435 - Lead Independent Director
Page 436 - Committee Rules
Page 437 - Term of Office
Page 438 - The Chief Financial Officer
Page 439 - advance of expenses
Page 440 - Severability
Page 441 - Fixing a Record Date for Other Purposes
Page 442 - Voting Securities Owned By Corporation
Page 443 - Annex C-5
Page 444 - TABLE OF CONTENTS
Page 445 - GOVERNANCE AGREEMENT
Page 446 - Charter
Page 447 - Merger
Page 448 - Section 1.2
Page 449 - Section 2.3.
Page 450 - ARTICLE III
Page 451 - Section 4.4.
Page 452 - Section 4.5.
Page 453 - Section 4.9.
Page 454 - N/A
Page 455 - EXHIBIT A
Page 456 - N/A
Page 457 - Annex C-6
Page 458 - provided
Page 459 - Investigations and Studies, Outside Advisors, Support
Page 460 - Annex C-7
Page 461 - N/A
Page 462 - provided
Page 463 - Definitions
Page 464 - Annex C-8
Page 465 - TABLE OF CONTENTS
Page 466 - N/A
Page 467 - SECOND AMENDED AND RESTATED
Page 468 - Additional Member
Page 469 - Brookfield IDR Holder
Page 470 - Disqualified Person
Page 471 - Fiscal Year
Page 472 - Net Income
Page 473 - Subsidiary
Page 474 - ARTICLE II
Page 475 - Term
Page 476 - Authorization and Issuance of Additional Units
Page 477 - Section 5.1
Page 478 - Section 5.1
Page 479 - Loans From Members
Page 480 - Transferability of IDRs
Page 481 - Section 3.8
Page 482 - thereafter
Page 483 - minus
Page 484 - Member Nonrecourse Deductions
Page 485 - Section 3.3(c)(i)
Page 486 - provided
Page 487 - Section 6.4
Page 488 - Indemnification by the Company
Page 489 - Section 6.4(a)
Page 490 - Indemnity
Page 491 - void ab initio
Page 492 - void ab initio
Page 493 - Information
Page 494 - Certain Filings
Page 495 - Parties in Interest
Page 496 - Notices
Page 497 - Severability
Page 498 - [Signature Page to Second A R TerraForm Power, LLC Limited Liability Company Agreement]
Page 499 - EXHIBIT A
Page 500 - EXHIBIT B
Page 501 - EXHIBIT C
Page 502 - Annex C-9
Page 503 - TABLE OF CONTENTS
Page 504 - REGISTRATION RIGHTS AGREEMENT
Page 505 - FINRA
Page 506 - Shelf Registration
Page 507 - N/A
Page 508 - ARTICLE 2
Page 509 - Shelf Registration.
Page 510 - Deferral of Filing.
Page 511 - SEC Form S-3.
Page 512 - N/A
Page 513 - N/A
Page 514 - Suspension Notice
Page 515 - Seller Affiliates
Page 516 - N/A
Page 517 - provided
Page 518 - ARTICLE 4
Page 519 - N/A
Page 520 - IN WITNESS WHEREOF
Page 521 - Annex D
Page 522 - N/A
Page 523 - N/A
Page 524 - N/A
Page 525 - N/A
Page 526 - Annex E
Page 527 - Issuance
Page 528 - N/A
Page 529 - N/A
Page 530 - Annex F
Page 531 - N/A
Page 532 - N/A
Page 533 - N/A
Page 534 - Annex G
Page 535 - TABLE OF CONTENTS
Page 536 - REGISTRATION RIGHTS AGREEMENT
Page 537 - Governing Body
Page 538 - Suspension Reason
Page 539 - 1.5 Entire Agreement
Page 540 - 1.9 Specific Enforcement
Page 541 - Valid Business Reason
Page 542 - N/A
Page 543 - 2.5 Suspension of Dispositions
Page 544 - 2.6 Registration Expenses
Page 545 - N/A
Page 546 - 2.8 Transfer of Registration Rights
Page 547 - ARTICLE 4
Page 548 - 4.5 Counterparts
Page 549 - IN WITNESS WHEREOF
Page 550 - N/A
Page 551 - N/A
Page 552 - N/A
Page 553 - N/A