TerraForm Global Inc., a unit of troubled U.S. solar energy company SunEdison Inc., said on Monday its lenders had agreed to a one-month extension to file its annual report, after the company missed a March 30 deadline, Reuters reported yesterday. TerraForm Global, one of two SunEdison "yieldcos," said in a regulatory filing last week that it would join its parent and fellow yieldco TerraForm Power Inc. in delaying its annual report for the year ended Dec. 31. In that filing, TerraForm Global had also warned of "substantial risk" of bankruptcy at SunEdison. TerraForm Global said yesterday that it paid $10 million as termination fees to end the deal for a Brazilian hydroelectric power plant, after warning last week that it may not complete certain deals if its parent company goes into bankruptcy.
