Actionable news
All posts from Actionable news
Actionable news in SUNE: SUNEDISON Inc,

SunEdison Enters Bankruptcy Loan Negotiations With Its Lenders

SunEdison Inc., the world’s biggest clean-power developer, is talking with creditors about restructuring financing, though it said the discussions are ongoing and there’s "no assurance" they will result in a deal.

The company and its first- and second-lien lenders entered into a confidentiality pact on March 17 for the financing transactions in a potential bankruptcy filing, the company disclosed in a regulatory filing to the Securities and Exchange Commission, which included a 34-page slide presentation to creditors.

The company will require a $310 million loan to fund it through a potential bankruptcy process, according to estimates in the March 17 presentation. The company projected using a total...