0000950157-17-001623.txt : 20171221 0000950157-17-001623.hdr.sgml : 20171221 20171221162516 ACCESSION NUMBER: 0000950157-17-001623 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20171221 DATE AS OF CHANGE: 20171221 GROUP MEMBERS: BREP HLDG LP GROUP MEMBERS: BROOKFIELD ASSET MGMT PVT INST CAP ADV (CAN), LP GROUP MEMBERS: BROOKFIELD BRP HLDGS (CAN) INC GROUP MEMBERS: BROOKFIELD INFRA FUND III GP LLC GROUP MEMBERS: BROOKFIELD RNWB EGY LP GROUP MEMBERS: BROOKFIELD RNWB PTNS LP GROUP MEMBERS: BROOKFIELD RNWB PTNS LTD GROUP MEMBERS: BRP BERMUDA GP LTD GROUP MEMBERS: ORION US GP LLC GROUP MEMBERS: ORION US HLDGS 1 LP GROUP MEMBERS: PARTNERS LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TERRAFORM GLOBAL, INC. CENTRAL INDEX KEY: 0001620702 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 471919173 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89114 FILM NUMBER: 171269725 BUSINESS ADDRESS: STREET 1: 7550 WISCONSIN AVENUE, 9TH FLOOR CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: (240) 762-7700 MAIL ADDRESS: STREET 1: 7550 WISCONSIN AVENUE, 9TH FLOOR CITY: BETHESDA STATE: MD ZIP: 20814 FORMER COMPANY: FORMER CONFORMED NAME: SUNEDISON EMERGING MARKETS YIELD, INC. DATE OF NAME CHANGE: 20140926 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BROOKFIELD ASSET MANAGEMENT INC. CENTRAL INDEX KEY: 0001001085 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: BROOKFIELD PLACE, 181 BAY ST, STE 300 STREET 2: PO BOX 762 CITY: TORONTO STATE: A6 ZIP: A6 M5J2T3 BUSINESS PHONE: 416-363-9491 MAIL ADDRESS: STREET 1: BROOKFIELD PLACE, 181 BAY ST, STE 300 STREET 2: PO BOX 762 CITY: TORONTO STATE: A6 ZIP: A6 M5J2T3 FORMER COMPANY: FORMER CONFORMED NAME: BRASCAN CORP/ DATE OF NAME CHANGE: 20010321 FORMER COMPANY: FORMER CONFORMED NAME: EDPERBRASCAN CORP DATE OF NAME CHANGE: 19970904 FORMER COMPANY: FORMER CONFORMED NAME: BRASCAN LTD DATE OF NAME CHANGE: 19950919 SC 13D/A 1 sc13da.htm AMENDMENT NO. 1



UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

TerraForm Global, Inc.
(Name of Issuer)
 

Common stock, Class A, $0.01 par value
(Title of Class of Securities)
 

88104M101
(CUSIP Number)
 

A.J. Silber
Brookfield Asset Management Inc.
Brookfield Place
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
(416) 363-9491
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)


December 20, 2017
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
 

 



 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
BROOKFIELD ASSET MANAGEMENT INC.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
ONTARIO
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
19,536,004
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
19,536,004
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
19,536,004
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
17.4% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 
 
(1) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 
2


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
PARTNERS LIMITED
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
ONTARIO
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
19,536,004
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
19,536,004
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
19,536,004
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
17.4% (2)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 
 
(2) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 
 

3

 
 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
BROOKFIELD ASSET MANAGEMENT PRIVATE INSTITUTIONAL CAPITAL ADVISER (CANADA), L.P.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
ONTARIO
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
19,535,004
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
19,535,004
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
19,535,004
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
17.4% (3)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 
 
(3) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 

4


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
BROOKFIELD INFRASTRUCTURE FUND III GP LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
DELAWARE
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
19,535,004
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
19,535,004
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
19,535,004
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
17.4% (4)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
(4) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 
 
5


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
ORION US GP LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
DELAWARE
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
19,535,004
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
19,535,004
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
19,535,004
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
17.4% (5)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
(5) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 

6


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
ORION US HOLDINGS 1 L.P.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
BK
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
DELAWARE
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
19,535,004 (6)
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
19,535,004 (6)
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
19,535,004 (6)
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
17.4% (7)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 
 
(6) Orion US Holdings 1 L.P. disclaims beneficial ownership of any shares of Class A common stock of the Issuer, including any shares of Class A common stock that may be deemed to be beneficially owned by any other Reporting Person.
 
(7) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 

7


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
BROOKFIELD RENEWABLE PARTNERS LIMITED
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
BERMUDA
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
1,000
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
1,000
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,000
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
0.0% (8)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 
 
(8) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 
8


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
BROOKFIELD RENEWABLE PARTNERS L.P.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
BERMUDA
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
1,000 (9)
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
1,000 (9)
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,000 (9)
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
0.0% (10)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 
 
(9) Brookfield Renewable Partners L.P. disclaims beneficial ownership of any shares of Class A common stock of the Issuer, including any shares of Class A common stock that may be deemed to be beneficially owned by any other Reporting Person
 
(10) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 
9


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
BRP BERMUDA GP LIMITED
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
BERMUDA
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
1,000
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
1,000
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,000
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
0.0% (11)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 
 
(11) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 
10


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
BREP HOLDING L.P.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
BERMUDA
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
1,000
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
1,000
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,000
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
0.0% (12)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 
 
(12) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 
11


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
BROOKFIELD RENEWABLE ENERGY L.P.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
BERMUDA
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
1,000 (13)
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
1,000 (13)
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,000 (13)
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
0.0% (14)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 
 
(13) Brookfield Renewable Energy L.P. disclaims beneficial ownership of any shares of Class A common stock of the Issuer, including any shares of Class A common stock that may be deemed to be beneficially owned by any other Reporting Person.
 
(14) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 
12


 
CUSIP No. 88104M101
 
1
NAMES OF REPORTING PERSONS
 
 
BROOKFIELD BRP HOLDINGS (CANADA) INC.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a) ☒   (b) ☐
 
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 ☐
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
ONTARIO
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 
1,000
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
1,000
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,000
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 ☐
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
0.0% (15)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 
 
(15) Percentage ownership is based on an aggregate number of shares of Class A common stock of the Issuer of 112,028,238 outstanding as of December 12, 2017, based on information communicated by the Issuer to the Reporting Persons.
 
 
13


 
This Amendment No. 1 (the “Amendment No. 1”) to Schedule 13D is being filed by Orion US Holdings 1 L.P., Orion US GP LLC, Brookfield Infrastructure Fund III GP LLC, Brookfield Asset Management Private Institutional Capital Adviser (Canada), L.P., Brookfield BRP Holdings (Canada) Inc., Brookfield Renewable Energy L.P., BREP Holding L.P., BRP Bermuda GP Limited, Brookfield Renewable Partners L.P., Brookfield Renewable Partners Limited, Brookfield Asset Management Inc. and Partners Limited to amend the Schedule 13D filed on June 30, 2017 (the “Original Schedule 13D” and, as so amended, the “Amended Schedule 13D”) with respect to beneficial ownership of the shares of Class A common stock, $0.01 par value per share, of TerraForm Global, Inc., a corporation organized under the laws of the state of Delaware.

This Amendment No. 1 hereby amends Item 4, Item 6 and Item 7 of the Original Schedule 13D as follows:


Item 4. Purpose of Transaction.

Item 4 of the Original Schedule 13D is hereby amended by adding the following:

In addition to the Renova Claim, Orion US LP’s and Merger Sub’s obligations to consummate the Merger are subject to the condition that certain litigation in which the Issuer has been or later is named a defendant, including the cases captioned (i) Glenview Capital Partners v. SunEdison, 16 CV 8032 (S.D.N.Y.); CIV 537971 (San Mateo), (ii) Oklahoma Firefighters Pension & Ret. Sys. v. SunEdison, 16 CV 07995 (S.D.N.Y.); CIV 537965 (San Mateo), (iii) Omega Capital Investors v. SunEdison, 16 CV 7428 (S.D.N.Y.); CIV 537977 (San Mateo), (iv) Kingdon Associates v. Terraform Global, 16 CV 8202 (S.D.N.Y.); 16 CIV 00459 (San Mateo), (v) VMT II v. TerraForm Global, 16 CV 8204 (S.D.N.Y.); 16 CIV 01433 (San Mateo), and (vi) Canyon Capital Advisors v. Terraform Global, 16 CV 9171 (S.D.N.Y.) (such captioned cases, the “Global Claims”), have been finally dismissed with prejudice or the settlement thereof has been submitted for court approval in a manner reasonably satisfactory to Orion US LP pursuant to agreements or stipulations containing releases reasonably satisfactory to Orion US LP, and all final approvals of courts or regulatory authorities required for the settlements and releases to become final, binding and enforceable shall have been obtained. Such condition is part of the Litigation Condition.

In connection with efforts to settle the Global Claims, on December 20, 2017, the Issuer entered into a Settlement Agreement (the “Securities Litigation Settlement Agreement”) with, among others, the Plaintiffs (as defined in the Securities Litigation Settlement Agreement). Concurrently with the execution and delivery of the Securities Litigation Settlement Agreement, Orion US LP, Merger Sub and the Issuer entered into a letter agreement with respect to the Litigation Condition (the “Merger Agreement Consent”). The description of the Merger Agreement Consent in Item 6 of this Amended Schedule 13D is incorporated herein by reference and is qualified in its entirety by reference to the Merger Agreement Consent filed as Exhibit 99.1 hereto.


Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 of the Original Schedule 13D is hereby amended by adding the following:

In order to resolve the Global Claims, on December 20, 2017, the Issuer entered into the Securities Litigation Settlement Agreement with, among others, the Plaintiffs (as defined in the Securities Litigation Settlement Agreement). Under the terms of the Securities Litigation Settlement Agreement, (i) the Plaintiffs have agreed to, among other things, dismiss with prejudice and provide a full and final release regarding certain claims, including the Global Claims, (ii) the Issuer has agreed to, among other things, cause to be paid to the Plaintiffs a settlement amount (the “Settlement Amount”).

14


 
Concurrently with the execution and delivery of the Securities Litigation Settlement Agreement, Orion US LP, Merger Sub and the Issuer entered into the Merger Agreement Consent, pursuant to which Orion US LP (i) consented to the entry into the Securities Litigation Settlement Agreement by the Issuer and (ii) acknowledged and agreed that, subject to certain conditions, including conditions relating to the funding and payment of a certain portion of the Settlement Amount by insurers and other third parties, and upon the dismissal with prejudice of the Global Claims and payment in full of the Settlement Amount, (a) the Litigation Condition shall have been satisfied, solely with respect to the Global Claims, and (b) solely for purposes of determining whether the Litigation Condition has been satisfied, the aggregate payment made by the Issuer and its subsidiaries (net of any amounts funded directly or indirectly by insurance proceeds) under the Securities Litigation Settlement Agreement in connection with the settlement of the Global Claims shall be deemed to be zero. The foregoing description of the Merger Agreement Consent does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Merger Agreement Consent filed as Exhibit 99.1 hereto, which is incorporated herein by reference.

Item 7. Materials to Be Filed as Exhibits.

Exhibit 99.1
Letter Agreement, dated December 20, 2017, by and among Orion US Holdings 1 L.P., BRE GLBL Holdings Inc. and TerraForm Global, Inc.
 
 
15

 
 
SIGNATURES
 
 
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
 
December 21, 2017
 
 
ORION US HOLDINGS 1 L.P., by its general partner,
ORION US GP LLC
 
       
 
By:
/s/ Fred Day  
    Name: Fred Day  
    Title:   Vice President  
       
 
 
 
ORION US GP LLC
 
       
 
By:
/s/ Fred Day  
    Name: Fred Day  
    Title:   Vice President  
       
 
 
 
BROOKFIELD INFRASTRUCTURE FUND III GP LLC
 
       
 
By:
/s/ Fred Day  
    Name: Fred Day  
    Title:   Vice President  
       
 
 
 
BROOKFIELD ASSET MANAGEMENT PRIVATE INSTITUTIONAL CAPITAL ADVISER (CANADA), L.P.,
by its general partner,
BROOKFIELD PRIVATE FUNDS HOLDINGS INC.
 
       
 
By:
/s/ James Rickert  
    Name: James Rickert  
    Title:   Senior Vice President  
       

 

16


 
 
BROOKFIELD BRP HOLDINGS (CANADA) INC.
 
       
 
By:
/s/ Andrea Rocheleau  
    Name: Andrea Rocheleau  
    Title:   Senior Vice President  
       

 
 
BROOKFIELD RENEWABLE ENERGY L.P., by its general partner, BREP HOLDING L.P., by its general partner, BRP BERMUDA GP LIMITED
 
       
 
By:
/s/ Jane Sheere  
    Name: Jane Sheere  
    Title:   Secretary  
       

 
 
BREP HOLDING L.P., by its general partner, BRP BERMUDA GP LIMITED
 
       
 
By:
/s/ Jane Sheere  
    Name: Jane Sheere  
    Title:   Secretary  
       

 
 
BRP BERMUDA GP LIMITED
 
       
 
By:
/s/ Jane Sheere  
    Name: Jane Sheere  
    Title:   Secretary  
       

 
 
BROOKFIELD RENEWABLE PARTNERS L.P., by its general partner, BROOKFIELD RENEWABLE PARTNERS LIMITED
 
       
 
By:
/s/ Jane Sheere  
    Name: Jane Sheere  
    Title:   Secretary  
       

 
 
BROOKFIELD RENEWABLE PARTNERS LIMITED
 
       
 
By:
/s/ Jane Sheere  
    Name: Jane Sheere  
    Title:   Secretary  
       

 

17


 
 
BROOKFIELD ASSET MANAGEMENT INC.
 
       
 
By:
/s/ A.J. Silber  
    Name: A.J. Silber  
    Title:   Vice-President, Legal Affairs  
       

 
 
PARTNERS LIMITED
 
       
 
By:
/s/ Brian D. Lawson  
    Name: Brian D. Lawson  
    Title:   President  
       

 

18


 
SCHEDULE I

ORION US GP LLC

Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
       
Keiji Hattori, Associate Vice President
NBF Hibiya Building 25F,
1-1-7 Uchisaiwaicho,
Chiyoda-ku,
Tokyo 100-0011
Senior Vice President of Brookfield
Japan
       
Scott Peak, Manager
1200 Smith Street
Suite 1200
Houston, TX 77002
Senior Vice President of Brookfield
U.S.A
       
Ralph Klatzkin, Manager and Vice President
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281
Vice President of Brookfield
U.S.A.
       
Fred Day, Manager and Vice President
1200 Smith Street
Suite 1200
Houston, TX 77002
Vice President of Brookfield
U.S.A.
       
Hadley Peer Marshall, Senior Vice President
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281
Senior Vice President of Brookfield
U.S.A.
       
Julian Deschatelets, Senior Vice President
181 Bay Street, Suite 300,
Brookfield Place,
Toronto, Ontario
M5J 2T3, Canada
Senior Vice President of Brookfield
Canada
       
Andrea Rocheleau, Senior Vice President
41 Victoria Street
Gatineau, Québec
J8X 2A1, Canada
Senior Vice President of Brookfield
Canada
       
William Fyfe, Assistant Secretary
181 Bay Street, Suite 300,
Brookfield Place,
Toronto, Ontario
M5J 2T3, Canada
Legal Counsel of Brookfield Canada 

 
 
19


 
SCHEDULE II

BROOKFIELD INFRASTRUCTURE FUND III GP LLC

Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
       
Justin Beber, President
181 Bay Street, Suite 300,
Brookfield Place,
Toronto, Ontario
M5J 2T3, Canada
Managing Partner of Brookfield
Canada
       
Mark Srulowitz, Manager and Vice President
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281
Managing Partner of Brookfield
U.S.A.
       
Scott Peak, Manager and Senior Vice President
1200 Smith Street
Suite 1200
Houston, TX 77002
Senior Vice President of Brookfield
U.S.A
       
Keiji Hattori, Associate Vice President
NBF Hibiya Building 25F,
1-1-7 Uchisaiwaicho,
Chiyoda-ku,
Tokyo 100-0011
Senior Vice President of Brookfield
Japan
       
Ralph Klatzkin, Manager and Vice President
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281
Vice President of Brookfield
U.S.A.
       
Fred Day, Manager and Vice President
1200 Smith Street
Suite 1200
Houston, TX 77002
Vice President of Brookfield
U.S.A.
       


20


 
SCHEDULE III

BROOKFIELD BRP HOLDINGS (CANADA) INC.

Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
       
Edward Kress, Director and Chairman
51 Yonge Street, Suite 400
Toronto, Ontario M5E 1J1,
Canada
Corporate Director
Canada
       
David Mann, Director
50 McCurdy Drive,
Chester, Nova Scotia B0J 1J0,
Canada
Corporate Director
Canada
       
John Van Egmond, Director
6900 N. Ozona Drive
Tuscon, AZ 85718
Financial Consultant, Ozona Corporation
U.S.A
       
Harry Goldgut, Chairman
BRE Group
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
Canada
Executive Chairman, Infrastructure
and Power of Brookfield
Canada
       
Richard Legault, Chairman
BRE Group
41 Victoria Street
Gatineau, Quebec J8X 2A1,
Canada
Executive Chairman,
Renewable Power of Brookfield
Canada
       
Sachin Shah, Chief Executive Officer
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
Canada
Senior Managing Partner of Brookfield
Canada
       
Nicholas Goodman, Chief Financial Officer
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
Canada
Managing Partner of Brookfield
United Kingdom
       
Jennifer Mazin, Senior Vice President
& Secretary
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
Canada
Managing Partner of Brookfield
Canada
       
Andrea Rocheleau, Senior Vice President
41 Victoria Street
Gatineau, Quebec J8X 2A1
Canada
Senior Vice President of Brookfield
Canada

 
21


 
SCHEDULE IV

BRP BERMUDA GP LIMITED

Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
       
Jeffrey M. Blidner, Director
 
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
Canada
Vice Chairman of Brookfield
Canada
   
 
 
Eleazar de Carvalho Filho, Director
Rua Joaquim Floriano
1120 - 6th floor - Cj. 61
Itaim Bibi, São Paulo, SP
04534-004 Brazil
Founder of Virtus BR Partners
and Corporate Director,
Founder of Sinfonia Consultoria
e participações
Brazil
 
 
 
 
David Mann, Director
50 McCurdy Drive, Chester
Nova Scotia B0J 1J0,
Canada
Corporate Director
Canada
 
 
 
 
Lou Maroun, Director
20 South Road, Warwick
WK 02 Bermuda
Chairman of Sigma Real
Estate Advisors/Sigma Capital
Corporation
Canada
 
 
 
 
Lars Josefsson, Director
Contributor AB
Bilblioteksgatan 1, 4 tr
111 46 Stockholm, Sweden
Managing Director,
Contributor AB
Sweden
 
 
 
 
John Van Egmond, Director
6900 N. Ozona Drive
Tuscon, AZ 85718
Financial Consultant, Ozona Corporation
U.S.A.
 
 
 
 
Patricia Zuccotti, Director
4612 105th Avenue NE,
Kirkland, WA 98033
Corporate Director
U.S.A.
 
 
 
 
Gregory E.A. Morrison, President
73 Front Street, Hamilton
HM 12 Bermuda
President, Brookfield Bermuda
Canada
 
 
 
 
Gregory N. McConnie, Vice President
Wildey Business Park
2nd Floor, Wildey
St. Michael Barbados 14006
President and Chief Executive Officer
Brookfield International Bank Inc.
Barbados
 
 
 
 
Jane Sheere, Secretary
73 Front Street, Hamilton
HM 12 Bermuda
Manager - Corporate Services
of Brookfield Bermuda
United Kingdom
 
 
 
 
Anna Knapman-Scott, Assistant Secretary
73 Front Street, Hamilton
HM 12 Bermuda
Operations Manager & Legal Counsel
of Brookfield Bermuda
United Kingdom

 
22


 
SCHEDULE V
 
BROOKFIELD RENEWABLE PARTNERS LIMITED
 
Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
 
 
 
 
Jeffrey M. Blidner, Director
 
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
Canada
Vice Chairman of Brookfield
Canada
   
 
 
Eleazar de Carvalho Filho, Director
Rua Joaquim Floriano
1120 - 6th floor - Cj. 61
Itaim Bibi, São Paulo, SP
04534-004 Brazil
Founder of Virtus BR Partners
and Corporate Director,
Founder of Sinfonia Consultoria
e participações
Brazil
 
 
 
 
David Mann, Director
50 McCurdy Drive, Chester
Nova Scotia B0J 1J0,
Canada
Corporate Director
Canada
 
 
 
 
Lou Maroun, Director
20 South Road, Warwick
WK 02 Bermuda
Chairman of Sigma Real
Estate Advisors/Sigma Capital
Corporation
Canada
 
 
 
 
Lars Josefsson, Director
Contributor AB
Bilblioteksgatan 1, 4 tr
111 46 Stockholm, Sweden
Managing Director,
Contributor AB
Sweden
 
 
 
 
John Van Egmond, Director
6900 N. Ozona Drive
Tuscon, AZ 85718
Financial Consultant, Ozona Corporation
U.S.A.
 
 
 
 
Patricia Zuccotti, Director
4612 105th Avenue NE,
Kirkland, WA 98033
Corporate Director
U.S.A.
 
 
 
 
Gregory E.A. Morrison, President
73 Front Street, Hamilton
HM 12 Bermuda
President, Brookfield Bermuda
Canada
 
 
 
 
Gregory N. McConnie, Vice President
Wildey Business Park
2nd Floor, Wildey
St. Michael Barbados 14006
President and Chief Executive Officer
Brookfield International Bank Inc.
Barbados
 
 
 
 
Jane Sheere, Secretary
73 Front Street, Hamilton
HM 12 Bermuda
Manager - Corporate Services
of Brookfield Bermuda
United Kingdom
 
 
 
 
Anna Knapman-Scott,
Assistant Secretary
73 Front Street, Hamilton
HM 12 Bermuda
Operations Manager & Legal Counsel
of Brookfield Bermuda
United Kingdom
 
  
23


 
SCHEDULE VI
 
BROOKFIELD ASSET MANAGEMENT INC.
 
Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
       
M. Elyse Allan, Director
2300 Meadowvale Road,
Mississauga, Ontario,
L5N 5P9, Canada
President and Chief Executive Officer of General
Electric Canada Company Inc.
Canada & U.S.A.
       
Jeffrey M. Blidner, Director
and Vice Chairman
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3,
Canada
Vice Chairman of Brookfield
Canada
       
Angela F. Braly, Director
832 Alverna Drive,
Indianapolis, Indiana 46260
President & Founder of The Braly Group, LLC
U.S.A.
       
Jack L. Cockwell, Director
51 Yonge Street, Suite 400,
Toronto, Ontario M5E 1J1,
Canada
Corporate Director
Canada
       
Marcel R. Coutu, Director
335 8th Avenue SW, Suite 1700
Calgary, Alberta
T2P 1C9, Canada
Former President and Chief Executive Officer of Canadian Oil Sands Limited
Canada
       
Maureen Kempston Darkes, Director
10 Avoca Avenue, Unit 1904
Toronto, Ontario
M4T 2B7, Canada
Corporate Director of Brookfield and former President, Latin America, Africa and Middle East of General Motors Corporation
Canada
       
Murilo Ferreira 
Rua General
Venãncio Flores
50 Cob 01
Leblon, Rio de Janeiro, Brazil
Corporate Director Brazil
       
J. Bruce Flatt, Director and Senior Managing Partner and Chief Executive Officer
181 Bay Street, Suite 300,
Toronto, Ontario M5J 2T3,
Canada
Senior Managing Partner and Chief Executive Officer of Brookfield
Canada
       
Robert J. Harding, Director
181 Bay Street, Suite 300,
Brookfield Place,
Toronto, Ontario
M5J 2T3, Canada
Chairman, Brookfield Global Infrastructure Advisory Board
Canada
       
David W. Kerr, Director
c/o 51 Yonge Street, Suite 400,
Toronto, Ontario M5E 1J1,
Canada
Corporate Director
Canada
       
Brian W. Kingston, Senior Managing Partner
250 Vesey Street, 15th Floor,
New York, NY 10281
Senior Managing Partner of Brookfield
Canada
       
Brian D. Lawson, Senior Managing Partner
and Chief Financial Officer
181 Bay Street, Suite 300
Toronto, Ontario
M5J 2T3, Canada
Senior Managing Partner and Chief Financial Officer of Brookfield
Canada
       
 
 
24

 
 
Cyrus Madon, Senior Managing Partner
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3,
Canada
Senior Managing Partner of Brookfield
Canada
       
Frank J. McKenna, Director
TD Bank Group, P.O. Box 1, TD Centre,
66 Wellington St. West, 4th Floor, TD Tower,
Toronto, Ontario
M5K 1A2, Canada
Chair of Brookfield and Deputy Chair of TD
Bank Group
Canada
       
Rafael Miranda 
C/Santiago de Compostela 100,
28035 Madrid, Spain
Chairman, Acerinox Spain
       
Youssef A. Nasr, Director
P.O. Box 16 5927, Beirut, Lebanon
Corporate Director of Brookfield and former Chairman and CEO of HSBC Middle East Ltd.
and former President of HSBC Bank Brazil
Lebanon and U.S.A.
       
Lord Augustine Thomas ODonnell, Director
P.O. Box 1, TD Centre,
66 Wellington St. W., 4th Floor, TD Tower
Toronto, Ontario
M5K 1A2, Canada
Chairman of Frontier Economics and Strategic Advisor of TD Bank Group
United Kingdom
       
Samuel J.B. Pollock, Senior Managing Partner
181 Bay Street, Suite 300
Toronto, Ontario
M5J 2T3, Canada
Senior Managing Partner of Brookfield
 
Canada
       
Ngee Huat Seek, Director
501 Orchard Road
#08-01 Wheelock Place
Singapore 238880
Former Chairman of the Latin American Business Group, Government of Singapore Investment Corporation
Singapore
       
Diana L. Taylor, Director
Solera Capital L.L.C
625 Madison Avenue,
3rd Floor
New York, N.Y. 10022
Vice Chair of Solera Capital LLC
U.S.A
       
A.J. Silber, Vice-President, Legal Affairs and
Corporate Secretary
181 Bay Street, Suite 300
Toronto, Ontario
M5J 2T3, Canada
Vice-President, Legal Affairs and Corporate Secretary of Brookfield
Canada
 
 
25


 
SCHEDULE VII
 
PARTNERS LIMITED
 
Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
       
Jack L. Cockwell, Director and Chairman
51 Yonge Street, Suite 400,
Toronto, Ontario
M5E 1J1, Canada
Corporate Director
Canada
       
David W. Kerr, Director
51 Yonge Street, Suite 400,
Toronto, Ontario M5E 1J1,
Canada
Corporate Director
Canada
       
Brian D. Lawson, Director and President
Brookfield Asset Management, Inc.,
181 Bay Street,
Brookfield Place, Suite 300
Toronto, Ontario
M5J 2T3, Canada
Senior Managing Partner and Chief Financial Officer
of Brookfield
Canada
       
George E. Myhal, Director
Partners Value Investments,
181 Bay Street, Brookfield Place, Suite 300,
Toronto, Ontario
M5J 2T3, Canada
Director, Chairman, President and CEO of
Partners Value Investments
Canada
       
Timothy R. Price, Director
51 Yonge Street,
Suite 400
Toronto, Ontario M5E 1J1,
Canada
Chairman, Brookfield Funds
Canada
       
Tony E. Rubin, Treasurer
51 Yonge Street,
Suite 400
Toronto, Ontario M5E 1J1,
Canada
Accountant
Canada
       
Lorretta Corso, Secretary
Brookfield Asset Management, Inc.,
181 Bay Street,
Brookfield Place, Suite 300,
Toronto, Ontario
M5J 2T3, Canada
Corporate Secretarial Administrator, Brookfield
Canada


26

 
 
EXHIBIT INDEX
 
 
Exhibit
Number
 
Description
 
 
 
99.1
 
Letter Agreement, dated December 20, 2017, by and among Orion US Holdings 1 L.P., BRE GLBL Holdings Inc. and TerraForm Global, Inc.

 
 
 
27
EX-99.1 2 ex99-1.htm LETTER AGREEMENT
EXHIBIT 99.1
 
EXECUTION
 
 
 
 
 
December 20, 2017




TerraForm Global, Inc.
7550 Wisconsin Ave.
Bethesda, MD 20814


Ladies and Gentlemen:

Reference is made to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of March 6, 2017, by and among TerraForm Global, Inc., a Delaware corporation (the “Company”), Orion US Holdings 1, L.P., a Delaware limited partnership (“Parent”), and BRE GLBL Holdings, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub will merge with and into the Company.

Unless otherwise specified, all capitalized terms used and not otherwise defined herein will have the meanings ascribed to them in the Merger Agreement.

1.             Concurrently with the execution and delivery of this letter agreement, (a) the Company has entered into a Settlement Agreement (the “Settlement Agreement”), dated as of the date hereof, with, among others, the Plaintiffs (as defined in the Settlement Agreement), pursuant to which (i) the Plaintiffs have agreed to, among other things, dismiss with prejudice and provide a full and final release regarding certain claims, including the Global Claims (as defined in the Settlement Agreement) and, (ii) the Company has agreed to, among other things, cause to be paid to Plaintiffs a settlement amount as provided for in the Settlement Agreement (the “Settlement Amount”).

2.             Parent has reviewed the Settlement Agreement.

3.             Parent hereby consents to (a) the entry into the Settlement Agreement by the Company and (b) the settlement of the Global Claims in accordance with the terms of the Settlement Agreement.
 
 


 
4.             Parent hereby acknowledges and agrees that (a) the condition to the obligations of Parent and Merger Sub to effect the Merger set forth in Section 7.2(c) (Litigation Settlement) of the Merger Agreement, solely with respect to the Private Placement Securities Litigation (as defined below), shall have been satisfied and (b) solely for purposes of determining whether the condition to the obligations of Parent and Merger Sub to effect the Merger set forth in Section 7.2(c) (Litigation Settlement) of the Merger Agreement has been satisfied, the aggregate payment made by the Company and its Subsidiaries (net of any amounts funded directly or indirectly by insurance proceeds) under the Settlement Agreement in connection with the settlement of the Global Claims shall be deemed to be zero.  Parent’s acknowledgement and agreement pursuant to this Section 4 is conditioned upon (i) the dismissal with prejudice of the Global Claims, (ii) the payment in full by the Company of the Settlement Amount, (iii) insurance proceeds (in an amount equal to the portion of the Settlement Amount which the Company and Parent previously agreed would be paid using such insurance proceeds) having been released from escrow at Citibank and used to pay such portion of the Settlement Amount, (iv) the continuing effectiveness in accordance with their respective terms of all other commitments by third parties with respect to any participation in the funding of the Settlement Amount in the amounts previously agreed among the Company, Parent and such third parties, (v) the representations and warranties set forth in Section 5 of this letter agreement and Section 3 of the letter agreement, dated as of the date hereof, among the Company, Parent, SunEdison and SunEdison Holdings Corporation (the “SunEdison Letter”) being true and correct, except for immaterial inaccuracies, and (vi) the Effective Time occurring on or before March 6, 2018.

5.            The Company represents and warrants that (a) there are no civil, criminal or administrative actions, suits, claims, hearings, arbitrations, investigations or other proceedings of any kind pending or, to the Knowledge of the Company, threatened against the Company or any of its Subsidiaries by any Plaintiff or any affiliate thereof relating to the lawsuits captioned (1) Glenview Capital Partners v. SunEdison, 16 CV 8032 (S.D.N.Y.); CIV 537971 (San Mateo), (2) Oklahoma Firefighters Pension & Ret. Sys. v. SunEdison, 16 CV 07995 (S.D.N.Y.); CIV 537965 (San Mateo), (3) Omega Capital Investors v. SunEdison, 16 CV 7428 (S.D.N.Y.); CIV 537977 (San Mateo), (4) Kingdon Associates v. Terraform Global, 16 CV 8202 (S.D.N.Y.); 16 CIV 00459 (San Mateo), (5) VMT II v. TerraForm Global, 16 CV 8204 (S.D.N.Y.); 16 CIV 01433 (San Mateo), and (6) Canyon Capital Advisors v. Terraform Global, 16 CV 9171 (S.D.N.Y.); 16 CIV 00827 (San. Mateo) (the “Private Placement Securities Litigation”) that are not covered by the Settlement Agreement and (b) none of the Company or any of its Subsidiaries has entered into any agreement, representation or undertaking of any kind with any Plaintiff or any affiliate thereof relating to the Private Placement Securities Litigation that would in any way amend or modify the terms or scope or limit or preclude, in whole or in part, the operation or effect of the Settlement Agreement.

6.             In order to facilitate SunEdison’s emergence from the SunEdison Bankruptcy Case, pursuant to the SunEdison Letter, Parent and Merger Sub have agreed to pay the aggregate merger consideration payable to SunEdison Holdings Corporation directly to SunEdison Holdings Corporation rather than to the Paying Agent, and the Paying Agent will make no payments to SunEdison or the SunEdison Holdings Corporation with respect to the Merger.
 
 
2


 
7.            The Company, Parent and Merger Sub hereby acknowledge and agree that Parent shall be deemed to have satisfied its obligations set forth in the first sentence of Section 4.2(a) of the Merger Agreement if, at or prior to the Effective Time, Parent has deposited or has caused to be deposited with the Paying Agent a cash amount in immediately available funds equal to (a) the amount necessary for the Paying Agent to make payments under Section 4.1(a) of the Merger Agreement minus (b) such amounts to be payable directly to SunEdison Holdings Corporation pursuant to the Merger Agreement, Section 6 of this letter agreement and the SunEdison Letter.

8.            The Company hereby acknowledges and agrees that none of Parent or any of its affiliates shall have any liability to the Company or any of its affiliates in respect of or relating to the Settlement Amount or the Private Placement Securities Litigation.

9.            This letter agreement, the Letter Agreement, dated as of May 24, 2017, between Parent and the Company, the Merger Agreement, the Company Disclosure Letter, the Settlement Agreement, dated as of March 6, 2017, by and among the Company, TerraForm Global, LLC, TerraForm Global Operating, LLC, SunEdison and certain direct and indirect subsidiaries of the Company and SunEdison, the Voting and Support Agreement and the Confidentiality Agreement constitute the entire agreement and supersede all other prior agreements, understandings, representations and warranties, both written and oral, among the parties with respect to the subject matter hereof, except for the agreements specifically referred to in Section 4 of this letter agreement.  EACH PARTY HERETO AGREES THAT, EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THE MERGER AGREEMENT AND IN THIS LETTER AGREEMENT, NEITHER PARENT AND MERGER SUB NOR THE COMPANY MAKES OR RELIES ON ANY OTHER REPRESENTATIONS, WARRANTIES OR INDUCEMENTS, AND EACH HEREBY DISCLAIMS ANY OTHER INFORMATION MADE BY, OR MADE AVAILABLE BY, ITSELF OR ANY OF ITS REPRESENTATIVES, WITH RESPECT TO, OR IN CONNECTION WITH, THE NEGOTIATION, EXECUTION OR DELIVERY OF THIS LETTER AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, NOTWITHSTANDING THE DELIVERY OR DISCLOSURE TO THE OTHER OR THE OTHER’S REPRESENTATIVES OF ANY DOCUMENTATION OR OTHER INFORMATION WITH RESPECT TO ANY ONE OR MORE OF THE FOREGOING.

10.          The provisions set forth in Section 9.2 (Modification or Amendment), 9.3 (Waiver of Conditions), 9.4 (Counterparts), 9.5 (GOVERNING LAW AND VENUE; WAIVER OF JURY TRIAL; SPECIFIC PERFORMANCE), 9.6 (Notices), 9.8 (No Third Party Beneficiaries), 9.11 (Severability), 9.12 (Interpretation; Construction) and 9.13 (Assignment) of the Merger Agreement shall apply to this letter agreement mutatis mutandis.

 [The next page is the signature page]
 
 
 
3

 
 
IN WITNESS WHEREOF, the parties hereto have executed this letter agreement as of the date above first written.
 
 
  Very truly yours,  
     
 
ORION US HOLDINGS 1 L.P.
 
 
 
 
  By:  ORION US GP LLC, its general partner   
       
       
 
By:
/s/ William Fyfe   
    Name:  William Fyfe   
    Title:    Assistant Secretary  
 
 
 
BRE GLBL Holdings Inc.
 
       
       
 
By:
/s/ Andrea Rocheleau  
    Name:  Andrea Rocheleau  
    Title:    Senior Vice President  
 
 
CONFIRMED AND AGREED TO:  
   
       
TERRAFORM GLOBAL, INC.
   
       
       
By:
/s/ Yana Kravtsova 
 
  Name:  Yana Kravtsova  
  Title:    Senior Vice President, General Counsel and Secretary