UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
October 26, 2017
Commission File Number 001-37909
AZURE POWER GLOBAL LIMITED
8 Local Shopping Complex
Pushp Vihar, Madangir, New Delhi 110062, India
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ☒ Form 40 F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7). ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| AZURE POWER GLOBAL LIMITED | ||||
| By: | /s/ Inderpreet Singh Wadhwa | |||
| Name: | Inderpreet Singh Wadhwa | |||
| Title: | Principal Executive Officer | |||
Date: October 26, 2017
Exhibit Index
| Exhibit Number |
Description | |
| 99.1 | Fiscal 2Q18 Financing Expense Update | |
Exhibit 99.1
Update on Interest Expense, Net for quarter ended September 30, 2017
The Company incurred one-time expenses related to the issuance of a $500 million solar green bond, the first out of India, during the quarter ended September 30, 2017. Debt refinancing fees are expected to be in a range of INR 588 million (US$ 9.0 million) to INR 653 million (US$ 10.0 million) and one-time non-cash write offs of unamortised deferred financing cost are expected to be in the range of INR 555 million (US$ 8.5 million) to INR 686 million (US$ 10.5 million). Overall net interest expense during the quarter ended September 30, 2017 is expected to be in the range of INR 2,286 million (US$ 35.0 million) to INR 2,547 million (US$ 39.0 million).
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.