SunEdison May Have Experienced Margin Call Says CreditSights

02Oct2015October 2, 2015

SunEdison May Have Experienced Margin Call Says CreditSights

SunEdison may have triggered a collateral call on its $410 million margin loan, a report from CreditSights says, citing a decline in the financially-linked TerraForm Power Inc, which fell 36 percent in September and continued to slide, down 49 percent year to date. TerraForm is known as a "yieldco," the spin-off of a related business venture.

Subscription newsletter cites margin call, but bemoans lack of disclosure

CreditSights has determined the potential cash collateral shortfall could be $315 million . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.

Author

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

WikiTribune Shuns Clickbait, Says Good Journalism Will Attract Donations

14 May, 2021

Jimmy Wales, the founder of Wikipedia, is close to achieving his funding goal for the independent WikiTribune, a journalism enterprise that operates on many of the same principles as... Read More

North Korea Denies Involvement in Sony Hack Attack

13 May, 2021

Anyone looking to stalk Hollywood celebrities like Sylvester Stallone, you can apparently thank the North Korean government. But the hacking event could actually end up helping Sony Corp (ADR)... Read More

Niederhoffer Diversified Up Nearly 10% In January

13 May, 2021

R.G. Niederhoffer’s (RGN) lead fund, the Diversified Program, which has AUM of $472M, posted a return of 9.3% during 2013. The much smaller Optimal Alpha Program, AUM of $11M,... Read More

Michael Price Adds Intel, Hess; Sells J.C. Penney, Citigroup

13 May, 2021

Michael Price got his start as an investor at Mutual Series in 1974, becoming a full partner in 1982 and then the president and chairman a few years later.... Read More

China Military Aggressiveness Could be Thwarted with Indonesian Help

13 May, 2021

I think of 2012 as the year of the South China Sea disputes. It seemed that hardly a day went by without it being a newsworthy topic. In particular,... Read More

Negative yields on junk debt? It Could Happen In Next Few Weeks!

14 May, 2021

The European Central Bank’s ‘bazooka’ QE is causing some very strange movements in the European credit markets. The latest development is the falling yield on European BB rated bonds... Read More

Pressure On Both Buyers And Sellers Could Drive M&A This Year

13 May, 2021

Alvarez & Marsal managing director for PE services Paul Aversano says that 2015 will be another great year for M&A regardless of whether we see a Fed rate hike Mergers... Read More

Rebellious Republicans Help Democrats Reject Trans Pacific Trade Deal

13 May, 2021

Corporate lobbyists, Republican Congressional leadership and the Obama Administration experienced a significant set-back Friday as surprise rejection vote of a key component of the administration’s Asian trade initiative occurred. Republicans supply more... Read More

Which President Wins? Looking at Some Politics Connected with Today's American Labor Market

13 May, 2021

Given that the American labor market is by far the most important topic on the minds of voters, today’s labor market report provides an opportunity to review how presidents... Read More

Natixis: Cash Will Be The Best Asset When Rates Hit 1 Percent In Europe

28 February, 2018

Even though we are only two months into 2018, it is pretty clear that the story of the year for financial markets is rising bond yields. A surge in bond... Read More