BUZZ-Vivint Solar Inc: Deal with SunEdison falters - WSJ

Wed Mar 2, 2016 4:35pm EST
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** Solar panel installer's shares closed down 25 pct at $4.89

** Goldman Sachs, Barclays, Citigroup and UBS have balked at providing loans they had committed to fund TerraForm Power's takeover of some of Vivint Solar's assets, the Wall Street Journal reported, citing sources (

** The banks have told SunEdison its failure to provide them with up-to-date financial statements mean it hasn't fulfilled a condition of the loan agreement - WSJ

** TerraForm Power Inc is SunEdison's yield co

** SunEdison said earlier this week there will be delay in filing annual report, citing investigation into its financial position

** SunEdison shares closed up 19.3 pct at $1.79, TerraForm Power ended up 6.5 pct at $10.12

** Up to Wednesday's close, Vivint shares had fallen nearly 40 pct in 12 months