Filing Details

Accession Number:
0000950157-19-001183
Form Type:
13D Filing
Publication Date:
2019-10-10 16:46:45
Filed By:
Brookfield Asset Management Inc.
Company:
Terraform Power Inc. (NASDAQ:TERP)
Filing Date:
2019-10-10
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
BROOKFIELD ASSET MANAGEMENT INC 8 139,631,666 10 139,631,666 139,631,666 61.50%
PARTNERS LIMITED 8 139,631,666 10 139,631,666 139,631,666 61.50%
BROOKFIELD BRP HOLDINGS (CANADA) INC 8 139,631,666 10 139,631,666 139,631,666 61.50%
BBHC ORION HOLDCO 8 32,859,562 10 32,859,562 32,859,562 14.47%
BROOKFIELD ASSET MANAGEMENT PRIVATE INSTITUTIONAL CAPITAL ADVISER (CANADA) 8 106,772,104 10 106,772,104 106,772,104 47.03%
BROOKFIELD INFRASTRUCTURE FUND III GP 8 106,772,104 10 106,772,104 106,772,104 47.03%
ORION US GP 8 106,772,104 10 106,772,104 106,772,104 47.03%
ORION US HOLDINGS 8 106,772,104 10 106,772,104 106,772,104 47.03%
Filing



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

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 18)*


TerraForm Power, Inc.
(Name of Issuer)

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

88104R209
(CUSIP Number)

Justin B. Beber
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)

October 8, 2019
(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 persons 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. 88104R209

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
 
 

139,631,666
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 

139,631,666

 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 

139,631,666
 
 
 
 
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)
 
 

61.50%(1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 

CO
 
 
 
 

(1) Percentage ownership is based on an aggregate number of Class A Shares of 227,044,072 outstanding as of October 8, 2019, after the consummation of the Public Offering (excluding an additional 2,236,135 Class A Shares that the Issuer granted the Underwriters the option to purchase for a period of 30 days commencing on October 3, 2019) and the 2019 Private Placement discussed in Item 4 of this Amendment No. 18, as disclosed in the Issuer’s prospectus supplement for the Public Offering filed with the SEC on October 7, 2019.



CUSIP No. 88104R209

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
 
 

139,631,666
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 

139,631,666
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 

139,631,666
 
 
 
 
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)
 
 

61.50%(1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
CO
 
 
 
 

(1) Percentage ownership is based on an aggregate number of Class A Shares of 227,044,072 outstanding as of October 8, 2019, after the consummation of the Public Offering (excluding an additional 2,236,135 Class A Shares that the Issuer granted the Underwriters the option to purchase for a period of 30 days commencing on October 3, 2019) and the 2019 Private Placement discussed in Item 4 of this Amendment No. 18, as disclosed in the Issuer’s prospectus supplement for the Public Offering filed with the SEC on October 7, 2019.



CUSIP No. 88104R209

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)
 
 

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
 
 

ONTARIO
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
 
 
 
 
 
8
SHARED VOTING POWER
 
 

139,631,666
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 

139,631,666
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 

139,631,666
 
 
 
 
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)
 
 

61.50%(1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 

CO
 
 
 
 

(1) Percentage ownership is based on an aggregate number of Class A Shares of 227,044,072 outstanding as of October 8, 2019, after the consummation of the Public Offering (excluding an additional 2,236,135 Class A Shares that the Issuer granted the Underwriters the option to purchase for a period of 30 days commencing on October 3, 2019) and the 2019 Private Placement discussed in Item 4 of this Amendment No. 18, as disclosed in the Issuer’s prospectus supplement for the Public Offering filed with the SEC on October 7, 2019.


CUSIP No. 88104R209

1
NAMES OF REPORTING PERSONS
 
 

BBHC ORION HOLDCO 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)
 
 

OO, 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
 
 
 
32,859,562
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
 
32,859,562
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
32,859,562
 
 
 
 
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)
 
 
 
14.47%(1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 

(1) Percentage ownership is based on an aggregate number of Class A Shares of 227,044,072 outstanding as of October 8, 2019, after the consummation of the Public Offering (excluding an additional 2,236,135 Class A Shares that the Issuer granted the Underwriters the option to purchase for a period of 30 days commencing on October 3, 2019) and the 2019 Private Placement discussed in Item 4 of this Amendment No. 18, as disclosed in the Issuer’s prospectus supplement for the Public Offering filed with the SEC on October 7, 2019.


CUSIP No. 88104R209

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
 
 
 
106,772,104
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
 
106,772,104
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
106,772,104
 
 
 
 
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)
 
 
 
47.03%(1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 

(1) Percentage ownership is based on an aggregate number of Class A Shares of 227,044,072 outstanding as of October 8, 2019, after the consummation of the Public Offering (excluding an additional 2,236,135 Class A Shares that the Issuer granted the Underwriters the option to purchase for a period of 30 days commencing on October 3, 2019) and the 2019 Private Placement discussed in Item 4 of this Amendment No. 18, as disclosed in the Issuer’s prospectus supplement for the Public Offering filed with the SEC on October 7, 2019.


CUSIP No. 88104R209

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
 
 
 
106,772,104
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
 
106,772,104
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
106,772,104
 
 
 
 
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)
 
 
 
47.03%(1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
OO
 
 
 
 

(1) Percentage ownership is based on an aggregate number of Class A Shares of 227,044,072 outstanding as of October 8, 2019, after the consummation of the Public Offering (excluding an additional 2,236,135 Class A Shares that the Issuer granted the Underwriters the option to purchase for a period of 30 days commencing on October 3, 2019) and the 2019 Private Placement discussed in Item 4 of this Amendment No. 18, as disclosed in the Issuer’s prospectus supplement for the Public Offering filed with the SEC on October 7, 2019.


CUSIP No. 88104R209

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
 
 
 
106,772,104
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
 
106,772,104
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
106,772,104
 
 
 
 
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)
 
 
 
47.03%(1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
OO
 
 
 
 

(1) Percentage ownership is based on an aggregate number of Class A Shares of 227,044,072 outstanding as of October 8, 2019, after the consummation of the Public Offering (excluding an additional 2,236,135 Class A Shares that the Issuer granted the Underwriters the option to purchase for a period of 30 days commencing on October 3, 2019) and the 2019 Private Placement discussed in Item 4 of this Amendment No. 18, as disclosed in the Issuer’s prospectus supplement for the Public Offering filed with the SEC on October 7, 2019.


CUSIP No. 88104R209

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
 
 
 
106,772,104(1)
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
 
106,772,104(1)
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
106,772,104(1)
 
 
 
 
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)
 
 
 
47.03%(2)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 

(1) Orion US LP disclaims beneficial ownership of any Class A Shares, including any Class A Shares that may be deemed to be beneficially owned by any other Reporting Person.

(2) Percentage ownership is based on an aggregate number of Class A Shares of 227,044,072 outstanding as of October 8, 2019, after the consummation of the Public Offering (excluding an additional 2,236,135 Class A Shares that the Issuer granted the Underwriters the option to purchase for a period of 30 days commencing on October 3, 2019) and the 2019 Private Placement discussed in Item 4 of this Amendment No. 18, as disclosed in the Issuer’s prospectus supplement for the Public Offering filed with the SEC on October 7, 2019.



This Amendment No. 18 (this Amendment No. 18) 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 Asset Management Inc. and Partners Limited to amend the Schedule 13D filed on June 29, 2016 (the Original Schedule 13D), as amended by Amendment No. 1 to the Original Schedule 13D, filed on July 22, 2016, Amendment No. 2 to the Original Schedule 13D, filed on October 19, 2016, Amendment No. 3 to the Original Schedule 13D, filed on November 10, 2016, Amendment No. 4 to the Original Schedule 13D, filed on November 18, 2016, Amendment No. 5 to the Original Schedule 13D, filed on December 5, 2016, Amendment No. 6 to the Original Schedule 13D, filed on January 10, 2017, Amendment No. 7 to the Original Schedule 13D, filed on January 23, 2017, Amendment No. 8 to the Original Schedule 13D, filed on February 21, 2017, Amendment No. 9 to the Original Schedule 13D, filed on March 8, 2017, Amendment No. 10 to the Original Schedule 13D, filed on May 17, 2017, Amendment No. 11 to the Original Schedule 13D, filed on October 17, 2017, Amendment No. 12 to the Original Schedule 13D, filed on October 18, 2017, Amendment No. 13 to the Original Schedule 13D, filed on February 7, 2018, Amendment No. 14 to the Original Schedule 13D filed on May 29, 2018, Amendment No. 15 to the Original Schedule 13D, filed on June 6, 2018, Amendment No. 16 to the Original Schedule 13D, filed on June 12, 2018, and Amendment No. 17 to the Original Schedule 13D, filed on June 29, 2018 (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 Power, Inc., a corporation organized under the laws of the state of Delaware (the Issuer).

This Amendment No. 18 hereby amends Items 2, 3, 4, 5(a)-(c), 6 and 7 of the Amended Schedule 13D as follows:


Item 2. Identity and Background.

Item 2 of the Amended Schedule 13D is hereby amended by deleting in its entirety Schedules I, II, III, IV and V, which set forth a list of all the directors and executive officers, and their principal business addresses, principal occupations or employment and citizenship, of Orion US GP, BIF, BRPHC, Brookfield and Partners, respectively, and substituting Schedules I, II, III, IV and V attached hereto in lieu thereof.


Item 3. Source and Amount of Funds or Other Consideration.

Item 3 of the Amended Schedule 13D is hereby amended by adding the following:

An additional 80,084 of the Class A Shares reported to be beneficially owned by the Reporting Persons were acquired by the Reporting Persons in August 2018 pursuant to a provision in the Transaction Agreement that provided the Issuer would issue additional Class A Shares to Orion US LP, for no additional consideration, in connection with the final resolution of certain specified litigation. The number of shares was determined pursuant to a formula set forth in the Transaction Agreement.

The remaining additional 2,981,514 Class A Shares reported to be beneficially owned by the Reporting Persons were acquired by the Reporting Persons in connection with the 2019 Private Placement (as defined below) for aggregate consideration of $49,999,989.78. The Class A Shares purchased in the 2019 Private Placement were funded from available liquidity, which includes the BRPHC Revolver.


Item 4. Purpose of Transaction.

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

On August 3, 2018, the Issuer issued 80,084 Class A Shares to Orion US LP pursuant to a provision in the Transaction Agreement that provides that the Issuer will issue additional Class A Shares to Orion US LP for no additional consideration, in connection with the final resolution of certain specified litigation. The number of Class A Shares issued was determined pursuant to a formula set forth in the Transaction Agreement.

On October 3, 2019, the Issuer entered into an underwriting agreement (the “Underwriting Agreement”) with RBC Capital Markets, LLC, as representative of the several underwriters named therein (collectively, the “Underwriters”), relating to the issuance and sale of 14,907,573 shares of Class A Shares at a price to the underwriters of $16.77 per share in connection with an underwritten registered public offering (the “Public Offering”) by the Issuer, pursuant to the Issuer’s Final Prospectus on Form 424B2 dated October 3, 2019, and filed with the Securities and Exchange Commission on October 7, 2019. In addition, the Issuer granted the Underwriters an option to purchase, at the price of $16.77 per share, up to an additional 2,236,135 Class A Shares for a period of 30 days commencing on October 3, 2019. In connection with the consummation of the Public Offering, on October 8, 2019, BBHC LP and the Issuer entered into a Class A Common Stock Purchase Agreement (the “2019 Purchase Agreement”) pursuant to which, on October 8, 2019, BBHC LP purchased 2,981,514 Class A Shares from the Issuer at a price of $16.77 per share for aggregate consideration of $49,999,989.78 (the “2019 Private Placement”). The foregoing description of the 2019 Purchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the 2019 Purchase Agreement, which is attached hereto as Exhibit 99.24, and incorporated by reference herein.




Lock-Up Agreement
In connection with the 2019 Private Placement, BBHC LP, Orion US LP and others entered into a lock-up agreement (the “Lock-Up Agreement”), pursuant to which they have agreed that during the 60-day period commencing on October 3, 2019 (the “Lock-Up Period”), they will not, without the written consent of the Underwriters, directly or indirectly, offer, sell, pledge, contract to sell, grant any option to purchase or otherwise dispose of any Class A Shares, including Class A Shares beneficially owned as of October 3, 2019 or thereafter acquired, subject to certain exceptions.  The Lock-Up Agreement expressly prohibits any hedging transaction or other transaction which is designed or reasonably expected to lead to or result in a disposition of the Class A Shares during the Lock-Up Period.  The foregoing description of the Lock Up Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Lock-Up Agreement, which is attached hereto as Exhibit 99.25 and incorporated by reference herein.

Except as described in this Amendment No. 18 and the Amended Schedule 13D, the Reporting Persons have no plans or proposals which relate to, or would result in, any of the matters described in subsections (a) through (j) of Item 4 of Schedule 13D (although the Reporting Persons reserve the right to develop such plans or proposals, subject to compliance with applicable laws).


Item 5. Interest in Securities of the Issuer.

Item 5(a)-(c) of the Amended Schedule 13D are hereby amended and restated by deleting them in their entirety and substituting the following in lieu thereof:

(a)-(b) The aggregate number and percentage of Class A Shares of the Issuer held by the Reporting Persons to which this Amended Schedule 13D relates is 139,631,666 shares, constituting 61.50% of the Issuer’s currently outstanding Class A Shares. The percentage of Class A Shares of the Issuer is based on an aggregate number of Class A Shares of 227,044,072 outstanding as of October 8, 2019, equal to 209,154,985 Class A Shares outstanding as of October 2, 2019 (excluding 508,033 Class A Shares issued and held in treasury) plus (i) 14,907,573 Class A Shares purchased by the Underwriters in the Public Offering (excluding an additional 2,236,135 Class A Shares that the Underwriters have the option to purchase for a period of 30 days commencing on October 3, 2019) and (ii) 2,981,514 Class A Shares purchased by BBHC LP in the 2019 Private Placement, as disclosed in the Issuer’s prospectus supplement for the Public Offering filed with the SEC on October 7, 2019.











If the Reporting Persons are deemed to be members of a “group,” within the meaning of the Act, such “group” shall be deemed to beneficially own 139,631,666 Class A Shares, which represents 61.50% of the Issuer’s outstanding Class A Shares.

  (i) Orion US LP

 
(a)
As of October 8, 2019, Orion US LP may, subject to its disclaimer below, be deemed the beneficial owner of 106,772,104 Class A Shares of the Issuer, constituting a percentage of 47.03%

 
(b)
Sole voting power to vote or direct vote: 0
Shared voting power to vote or direct vote: 106,772,104 Class A Shares of the Issuer
Sole power to dispose or direct the disposition: 0
Shared power to dispose or direct the disposition: 106,772,104 Class A Shares of the Issuer

Orion US LP disclaims beneficial ownership of any Class A Shares, including any Class A Shares that may be deemed to be beneficially owned by any other Reporting Person.

  (ii) Orion US GP

 
(a)
As of October 8, 2019, Orion US GP may be deemed the beneficial owner of 106,772,104 Class A Shares of the Issuer, constituting a percentage of 47.03%

 
(b)
Sole voting power to vote or direct vote: 0
Shared voting power to vote or direct vote: 106,772,104 Class A Shares of the Issuer
Sole power to dispose or direct the disposition: 0
Shared power to dispose or direct the disposition: 106,772,104 Class A Shares of the Issuer

Orion US GP does not have any economic interest in any Class A Shares, including any Class A Shares that may be deemed to be beneficially owned by any other Reporting Person.

  (iii) BIF

 
(a)
As of October 8, 2019, BIF may be deemed the beneficial owner of 106,772,104 Class A Shares of the Issuer, constituting a percentage of 47.03%

 
(b)
Sole voting power to vote or direct vote: 0
Shared voting power to vote or direct vote: 106,772,104 Class A Shares of the Issuer
Sole power to dispose or direct the disposition: 0
Shared power to dispose or direct the disposition: 106,772,104 Class A Shares of the Issuer

  (iv) BAMPIC Canada

 
(a)
As of October 8, 2019, BAMPIC Canada may be deemed the beneficial owner of 106,772,104 Class A Shares of the Issuer, constituting a percentage of 47.03%

 
(b)
Sole voting power to vote or direct vote: 0
Shared voting power to vote or direct vote: 106,772,104 Class A Shares of the Issuer
Sole power to dispose or direct the disposition: 0
Shared power to dispose or direct the disposition: 106,772,104 Class A Shares of the Issuer

  (v) BRPHC

 
(a)
As of October 8, 2019, BRPHC may be deemed the beneficial owner of 139,631,666 Class A Shares of the Issuer, constituting a percentage of 61.50%

 
(b)
Sole voting power to vote or direct vote: 0
Shared voting power to vote or direct vote: 139,631,666 Class A Shares of the Issuer
Sole power to dispose or direct the disposition: 0
Shared power to dispose or direct the disposition: 139,631,666 Class A Shares of the Issuer

  (vi) BBHC LP

 
(a)
As of October 8, 2019, BBHC LP may be deemed the beneficial owner of 32,859,562 Class A Shares of the Issuer, constituting a percentage of 14.47%

 
(b)
Sole voting power to vote or direct vote: 0
Shared voting power to vote or direct vote: 32,859,562 Class A Shares of the Issuer
Sole power to dispose or direct the disposition: 0
Shared power to dispose or direct the disposition: 32,859,562 Class A Shares of the Issuer




  (vii) Brookfield

 
(a)
As of October 8, 2019, Brookfield may be deemed the beneficial owner of 139,631,666 Class A Shares of the Issuer, constituting a percentage of 61.50%

 
(b)
Sole voting power to vote or direct vote: 0
Shared voting power to vote or direct vote: 139,631,666 Class A Shares of the Issuer
Sole power to dispose or direct the disposition: 0
Shared power to dispose or direct the disposition: 139,631,666 Class A Shares of the Issuer

  (viii) Partners

 
(a)
As of October 8, 2019, Partners may be deemed the beneficial owner of 139,631,666 Class A Shares of the Issuer, constituting a percentage of 61.50%

 
(b)
Sole voting power to vote or direct vote: 0
Shared voting power to vote or direct vote: 139,631,666 Class A Shares of the Issuer
Sole power to dispose or direct the disposition: 0
Shared power to dispose or direct the disposition: 139,631,666 Class A Shares of the Issuer

  (c)
On October 8, 2019, pursuant to the 2019 Purchase Agreement, BBHC LP purchased 2,981,514 Class A Shares from the Issuer at a price per share of $16.77 in the 2019 Private Placement.


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

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

The information set forth in Item 4 of this Amendment No. 18 is incorporated by reference into Item 6 of the Amended Schedule 13D.

Except as described in this Amendment No. 18 and the Amended Schedule 13D, the Reporting Persons are not currently parties to any other contracts, arrangements, understandings or relationships (legal or otherwise) with respect to any securities of the Issuer.


Item 7. Materials to Be Filed as Exhibits.

99.24
Class A Common Stock Purchase Agreement, dated October 8, 2019, by and between TerraForm Power, Inc. and BBHC Orion Holdco L.P.
99.25
Lock-Up Agreement, dated October 3, 2019, by and among RBC Capital Markets, LLC as representative of the several underwriters, BBHC Orion Holdco, L.P., Orion US Holdings 1 L.P. and others.











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.


October 10, 2019

 
ORION US HOLDINGS 1 L.P.,
by its general partner,
ORION US GP LLC
 
       
       

By:
/s/ Fred Day
 
   
Name:  Fred Day
 
   
Title:    President
 
       


 
ORION US GP LLC
 
       
       

By:
/s/ Fred Day
 
   
Name:  Fred Day
 
   
Title:    President
 
       


 
BROOKFIELD INFRASTRUCTURE
FUND III GP LLC
 
       
       

By:
/s/ Fred Day
 
   
Name:  Fred Day
 
   
Title:    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:    Managing Director
 
       






 
BROOKFIELD BRP HOLDINGS
(CANADA) INC.
 
       
       

By:
/s/ Jennifer Mazin
 
   
Name:  Jennifer Mazin
 
   
Title:    Senior Vice President and Secretary
 
       


 
BBHC ORION HOLDCO L.P.,
by its general partner,
ORION CANADIAN AIV GP INC.
 
       
       

By:
/s/ Adrienne Moore
 
   
Name:  Adrienne Moore
 
   
Title:    Vice President
 
       


 
BROOKFIELD ASSET MANAGEMENT INC.
 
       
       

By:
/s/ Kathy Sarpash
 
   
Name:  Kathy Sarpash
 
   
Title:    Vice-President
 
       


 
PARTNERS LIMITED
 
       
       

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




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
       
Matthew Gross,
Vice President
200 Donald Lynch Blvd
Marlborough, MA 01752
Vice President of Brookfield
U.S.A
       
Ralph Klatzkin,
Vice President
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281
Vice President of Brookfield
U.S.A.
       
Fred Day,
President
1200 Smith Street
Suite 1200
Houston, TX 77002
Vice President of Brookfield
U.S.A.
       
Hadley Peer-Marshall,
Managing Director
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281
Managing Director of Brookfield
U.S.A.
       
Julian Deschatelets,
Senior Vice President
181 Bay Street,
Suite 300,
Brookfield Place,
Toronto, Ontario
M5J 2T3, Canada
Managing Director of Brookfield
Canada
       
Andrea Doreen Rocheleau,
Senior Vice President
41 Victoria Street
Gatineau, Québec
J8X 2A1, Canada
Managing Director of Brookfield
Canada
       
Adrienne Moore,
Vice President
181 Bay Street,
Suite 300,
Brookfield Place,
Toronto, Ontario
M5J 2T3, Canada
Vice President of Brookfield
Canada
       
Mabel Wong,
Managing Director
181 Bay Street,
Suite 300,
Brookfield Place,
Toronto, Ontario
M5J 2T3, Canada
Managing Director of Brookfield
Canada


 

SCHEDULE II
 
BROOKFIELD INFRASTRUCTURE FUND III GP LLC

Name and Position of
Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
       
Hadley Peer-Marshall,
Managing Director
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281
Managing Director of Brookfield
U.S.A.
       
Mark Srulowitz,
Vice President
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281
Managing Partner of Brookfield
U.S.A.
       
Matthew Gross,
Vice President
200 Donald Lynch Blvd
Marlborough, MA 01752
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,
Vice President
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281
Vice President of Brookfield
U.S.A.
       
Fred Day,
President
1200 Smith Street
Suite 1200
Houston, TX 77002
Vice President of Brookfield
U.S.A.
       
Mabel Wong,
Managing Director
181 Bay Street,
Suite 300,
Brookfield Place,
Toronto, Ontario
M5J 2T3, Canada
Managing Director of Brookfield
Canada


 

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 St, 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
       
Nancy Dorn,
Director
406 Hawkins Island Drive
St Simons Island, GA
31522
USA
Corporate Director
U.S.A.
       
Sachin Shah,
Chief Executive Officer
181 Bay Street, Suite 300
Toronto, Ontario
M5J 2T3, Canada
Managing Partner of Brookfield
Canada
       
Wyatt Hartley,
Chief Financial Officer
181 Bay Street, Suite 300
Toronto, Ontario
M5J 2T3, Canada
Managing Director of Brookfield
Canada
       
Jennifer Mazin,
Senior Vice President & Secretary
181 Bay Street, Suite 300
Toronto, Ontario
M5J 2T3, Canada
Managing Partner of Brookfield
Canada


 

SCHEDULE IV

BROOKFIELD ASSET MANAGEMENT, INC.

Name and Position of
Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
       
M. Elyse Allan,
Director
181 Bay Street, Suite 300
Toronto, Ontario
M5J 2T3, Canada
Former President and Chief Executive Officer of
General Electric Co.
USA and Canada
       
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
181 Bay Street, Suite 300
Toronto, Ontario
M5J 2T3, Canada
Former Chair, President and Chief Executive Officer of WellPoint Inc.
U.S.A.
       
Jack L. Cockwell,
Director
51 Yonge Street, Suite 400,
Toronto, Ontario
M5E 1J1, Canada
Corporate Director
Canada
       
Marcel R. Coutu,
Director
Suite 1700, 335 8th Ave. SW,
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 and former President, Latin America, Africa and Middle East, General Motors Corporation
Canada
       
Murilo Ferreira,
Director
Rua General
Venãncio Flores
50 Cob. 01
Leblon, Rio de Janiero
Former Chief Executive Officer of Vale SA
Brazil
       
J. Bruce Flatt,
Director and Managing Partner and Chief Executive Officer
181 Bay Street, Suite 300,
Toronto, Ontario
M5J 2T3, Canada
Managing Partner and Chief Executive Officer of Brookfield
Canada
       
Robert J. Harding,
Director
181 Bay Street,
Suite 300,
Toronto, Ontario
M5J 2T3, Canada
Former Chair of Brookfield
Canada
       
Brian W. Kingston,
Managing Partner
250 Vesey Street,
15th Floor
New York, NY
10281-1023 U.S.A.
Managing Partner of Brookfield
Canada
       
Brian D. Lawson,
Director, Managing Partner
and Chief Financial Officer
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
Director, Managing Partner and
Chief Financial Officer of Brookfield
Canada


 

Name and Position of
Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
       
Cyrus Madon,
Managing Partner
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
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
       
Lord Augustine Thomas ODonnell, Director
Frontier Economics,
71 High Holborn,
London, U.K.
WC1V 6DA
Chairman of Frontier Economics and senior advisor to Brookfield in Europe
United Kingdom
       
Samuel J.B. Pollock,
Managing Partner
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
Managing Partner of Brookfield
 
Canada
       
Seek Ngee Huat ,
Director
501 Orchard Road,
#08 - 01 Wheelock Place
Singapore 23880
Former Chair of the Latin American Business Group, Government of Singapore Investment Corporation
Singapore
       
Diana L. Taylor,
Director
c/o Bloomberg
Philanthropies, 25 East 78th Street,
New York, N.Y. 10075
Former Vice Chair, Solera Capital LLC
U.S.A and Canada
       
Timothy Price,
Director
51 Yonge Street,
Suite 400,
Toronto, Ontario
M5E 1J1, Canada
Director of Partners Limited and Brookfield Partners Foundation
Canada
       
Rafael Miranda,
Director
C/Principe de Viana 9
28023 Madrid, Spain
Corporate Director and Former Chief
Executive Officer of Endesa, S.A.
Spain
       
Lori Pearson, Managing Partner and Chief Operating Officer
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
Managing Partner and Chief Operating Officer of Brookfield
Canada
       
Sachin G. Shah, Managing Partner
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
Managing Partner of Brookfield
Canada
       
Justin Beber, Managing Partner, Head of Corporate Strategy and Chief Legal Officer
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
Managing Partner, Head of Corporate Strategy and Chief Legal Officer of Brookfield
Canada


 

SCHEDULE V
 
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
       
Brian W. Kingston,
Director
250 Vesey Street,
15th Floor
New York, NY
10281-1023 U.S.A.
Managing Partner of Brookfield
Canada
       
Brian D. Lawson,
Director and President
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
Director, Managing Partner and Chief
Financial Officer of Brookfield
Canada
       
Cyrus Madon,
Director
181 Bay Street,
Suite 300,
Toronto, Ontario
M5J 2T3, Canada
Managing Partner of Brookfield
Canada
       
Timothy R. Price,
Director
51 Yonge Street,
Suite 400
Toronto, Ontario
M5E 1J1, Canada
Chairman, Brookfield Funds
Canada
       
Lorretta Corso,
Secretary
181 Bay Street,
Suite 300,
Toronto, Ontario
M5J 2T3, Canada
Administrator, Corporate Secretary of Brookfield
Canada
       
Samuel J.B. Pollock, Director
181 Bay Street,
Suite 300,
Toronto, Ontario
M5J 2T3, Canada
Managing Partner of Brookfield
Canada
       
Sachin G. Shah, Director
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
Managing Partner of Brookfield
Canada
       
Lisa Chu, Treasurer
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
Senior Vice President of Brookfield
Canada
       
Brad Rusheleau, Assistant Secretary
181 Bay Street,
Suite 300
Toronto, Ontario
M5J 2T3, Canada
Senior Vice President of Brookfield
Canada