UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 6, 2020
Commission file number: 000-55610
GREENBACKER RENEWABLE ENERGY COMPANY LLC
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 80-0872648 | |
| (State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification No.) |
11 East 44th Street, 12th Floor
New York, NY 10017
Tel (646) 237-7884
(Address, including zip code and telephone number, including area code, of registrants Principal Executive Office)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act. |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act. |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2b under the Exchange Act. |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. |
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
Item 8.01. Other Events.
Greenbacker Renewable Energy Company LLC (the “Company”) announced that on November 6, 2020 its Board of Directors approved the September 30, 2020 net asset value per share for the Company’s share classes of common stock as set forth below:
| Share Class | September 30, 2020 Net Asset Value | June 30, 2020 Net Asset Value | Change from Prior Quarter | |||
| A | $8.63 | $8.63 | $0.00 | |||
| C | $8.38 | $8.38 | $0.00 | |||
| I | $8.63 | $8.63 | $0.00 | |||
| P-A | $8.67 | $8.68 | ($0.01) | |||
| P-I | $9.02 | $9.02 | $0.00 |
The Company’s Board of Directors also authorized cash distributions as set forth below:
| Share Class | Time Period | Daily Distribution Rate | Record Dates | Distribution/ Re-investment Dates | ||||
| A | 12/01/20-02/28/21 | $0.00151895 (6.42% annually) | 12/31/20 01/29/21 2/26/21 | 01/04/21 02/01/21 03/01/21 | ||||
| C | 12/01/20-02/28/21 | $0.00148798 (6.48% annually) | 12/31/20 01/29/21 2/26/21 | 01/04/21 02/01/21 03/01/21 | ||||
| I | 12/01/20-02/28/21 | $0.00151895 (6.42% annually) | 12/31/20 01/29/21 2/26/21 | 01/04/21 02/01/21 03/01/21 | ||||
| P-A | 12/01/20-02/28/21 | $0.00152316 (6.40% annually) | 12/31/20 01/29/21 2/26/21 | 01/04/21 02/01/21 03/01/21 | ||||
| P-I | 12/01/20-02/28/21 | $0.00158282 (6.40% annually) | 12/31/20 01/29/21 2/26/21 | 01/04/21 02/01/21 03/01/21 |
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit | Description | |
| 99.1 | Press release dated November 6, 2020 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 6, 2020 | Greenbacker Renewable Energy Company LLC | |
| By: | /s/ Charles Wheeler | |
| Name: | Charles Wheeler | |
| Title: | Chief Executive Officer, President and Director | |
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INDEX TO EXHIBITS
Exhibit | Description | |
| 99.1 | Press release dated November 6, 2020 |
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