SunEdison Says TerraForm Global To Commence IPO On July 20

(RTTNews) - SunEdison, Inc. (SUNE), a renewable energy development company, said its wholly-owned subsidiary, TerraForm Global, Inc., intends to commence an initial public offering of its Class A common stock on July 20, 2015.

Application has been made for listing of the Class A common stock of TerraForm Global on the NASDAQ Global Select Market under the symbol "GLBL."

J.P. Morgan and Barclays are serving as lead bookrunning managers and structuring advisors in the offering.

Citigroup and Morgan Stanley are the active bookrunners. Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities are serving as joint bookrunners in the offering.

Additionally, BTG Pactual, Itau BBA, Kotak Mahindra, Inc., SMBC Nikko and Societe Generale are serving as co-managers.