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): October 31, 2016
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.) |
369 Lexington Avenue, Suite 312
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. |
_____________________________________________________________________________________________
Item 8.01. Other Events.
Greenbacker Renewable Energy Company LLC (the “Company”) announced today that its Board of Directors approved the September 30, 2016 net asset value per share for Class A and I shares of common stock of $8.74, respectively, an increase of $0.05 per share from the prior quarter end’s valuation. In addition, the Board of Directors approved the September 30, 2016 net asset value per share for Class C shares of common stock of $8.49, an increase of $0.06 per share from the prior quarter. Due to the changes in net asset value per share, the Company revised the per share offering price for each class of shares effective November 7, 2016, to the following - $10.282 per Class A share, $9.581 per Class C share and $9.445 per Class I share.
Due to the change in the share offering prices, the Company’s Board of Directors authorized cash distributions payable on December 1, 2016 and January 3, 2017 to shareholders of record as of November 30, 2016 and December 30, 2016, respectively, of $0.00168557 per share, per day for Class A and I shares and $0.00164022 per share, per day for Class C shares to maintain the current annual distribution rates.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| | | |
Exhibit
Number | | Description |
| | |
| 99.1 | | Press release dated October 31, 2016 |
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: October 31, 2016 | | | | Greenbacker Renewable Energy Company LLC |
| | | | |
| | | | | By: | | /s/ Charles Wheeler |
| | | | | Name: | | Charles Wheeler |
| | | | | Title: | | Chief Executive Officer, President and
Director |
INDEX TO EXHIBITS
| | | |
Exhibit
Number | | Description |
| | |
| 99.1 | | Press release dated October 31, 2016 |
