SunEdison Confirms Debtor-in-Possession Discussions
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Embattled renewable energy company SunEdison has confirmed that it has entered into discussions over a potential debtor-in-possession financing solution to its financial woes.
Much has already been written about the company’s financial issues, which most recently saw its shares crash as rumors of a potential bankruptcy filing surfaced. In an SEC filing filed on April 15, SunEdison revealed that it had entered into discussions on March 17 with “certain of its first and second lien lenders … in connection with proposed debtor-in-possession financing transactions.”
In connection with these talks, SunEdison agreed to publicly file a report outlining its current financial position available to debtor-in-possession financing firms.
The discussions are ongoing, though SunEdison was forced to admit that “there can be no assurance that any agreement will be reached.”
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