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Actionable news in NYLD: NRG YIELD Inc,

Completion of Acquisition or Disposition of


), a subsidiary of NRG Yield,Inc. (

NRG Yield

), completed its previously announced acquisition of 75% of the ClassB Interests of NRG Wind TE Holdco LLC, which owns a portfolio of 12 wind facilities totaling 814 net megawatts (the

Drop-Down Assets

), from NRG Energy Gas& Wind Holdings,Inc. (the


), a wholly-owned subsidiary of NRG Energy,Inc. (the

Drop-Down Transaction

), pursuant to the purchase and sale agreement (the

Purchase and Sale Agreement

) with the Seller.

In exchange for the Drop-Down Assets, the Purchaser paid a total purchase price of $210 million, excluding adjustments for working capital. The Purchaser will be responsible for its pro-rata share of non-reco urse project debt of $193 million and noncontrolling interest associated with a tax equity structure of $165 million (as of September30, 2015). The cash purchase price was funded with cash on hand and drawings under the Purchasers revolving credit facility.

The foregoing description of the Purchase and Sale Agreement is not complete and is qualified in its entirety by...