July 22 (Reuters) - TerraForm Power Inc TERP.O :
* TERRAFORM POWER TO ACQUIRE LARGE-SCALE U.S. DISTRIBUTED GENERATION PLATFORM
* TERRAFORM POWER INC - DEAL FOR $720 MILLION.
* TERRAFORM POWER INC - TERRAFORM POWER PLANS TO INITIALLY FUND ACQUISITION WITH A $475 MILLION BRIDGE FACILITY
* TERRAFORM POWER INC - TRANSACTION WILL BE PERMANENTLY FUNDED THROUGH PROJECT FINANCING WITH INVESTMENT GRADE METRICS AND CAPITAL RECYCLING
* TERRAFORM POWER INC - TERRAFORM POWER EXPECTS ACQUISITION TO BE MODESTLY ACCRETIVE TO CAFD IN 2020 AND OVER NEXT FIVE YEARS
* TERRAFORM POWER INC - TO SEEK TO FINANCE ITS EQUITY INVESTMENT BY SELLING MINORITY INTERESTS IN STABILIZED WIND ASSETS
* TERRAFORM POWER - EXPECTS TO GENERATE RETURNS ON EQUITY ON INVESTMENT WITHIN TARGETED RANGE OF 9% TO 11%.
* TERRAFORM - TO BUY UNLEVERED DISTRIBUTED GENERATION PLATFORM FROM SUBSIDIARIES OF ALTAGAS LTD