TerraForm Power Announces Increase in Revolving Credit Facility Commitments to $650M

TerraForm Power, Inc.

, a global owner and operator of clean energy power plants, today announced it has increased total commitments to the 5-year revolving credit facility (the "Revolver") of its wholly-owned subsidiary TerraForm Power Operating, LLC by $100 million to $650 million in the aggregate. The $100 million in incremental commitments was provided by JPMorgan Chase Bank, N.A. and Santander Bank, N.A. The Revolver was previously upsized to $550 million and extended to January 2020 in January 2015. The Company's bank group now consists of ten leading financial institutions. "We are pleased to welcome J.P. Morgan and Santander to our bank group, and to have further increased our revolving credit facility," said Alex Hernandez, Executive Vice President and Chief Financial Officer of TerraForm Power. "This will further enhance TerraForm's already strong liquidity position and give us additional financial flexibility to execute on our growth plans in the years ahead."