Common Contracts
2 similar Merger Agreement contracts by Brookfield Renewable Partners L.P., TerraForm Power, Inc.
BROOKFIELD RENEWABLE AND TERRAFORM POWER ENTER INTO A DEFINITIVE MERGER AGREEMENTMerger Agreement • March 17th, 2020 • Brookfield Renewable Partners L.P. • Electric services
Each share of Class A common stock of TERP will be acquired for consideration equivalent to 0.381 of a BEP unit, which represents a 17% premium to TERP’s unaffected trading price1. TERP shareholders can elect to receive BEPC shares or BEP unitsCombined business will be one of the largest, integrated pure-play renewable power companies in the world with one of the strongest investment grade balance sheets in the sector, no material near term maturities, and a 20-year track record of creating shareholder value across multiple economic cyclesAvailable liquidity of the combined company will approximate $3.1 billion and shareholders will benefit from $5 billion of private capital available from Brookfield’s unlisted fundTERP shareholders will benefit from a broader growth mandate that includes the acquisition of global, multi-technology renewable power assets and development opportunities, an investment grade balance sheet, increased liquidity, and enhanced diversificationThe Special Commit
BROOKFIELD RENEWABLE AND TERRAFORM POWER ENTER INTO A DEFINITIVE MERGER AGREEMENTMerger Agreement • March 17th, 2020 • TerraForm Power, Inc. • Electric services
• Each share of Class A common stock of TERP will be acquired for consideration equivalent to 0.381 of a BEP unit, which represents a 17% premium to TERP’s unaffected trading price1. TERP shareholders can elect to receive BEPC shares or BEP units
