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SunEdison Misses Payment on Convertible Bonds, Facing Default

SunEdison Inc., the renewable-energy company already teetering on the brink of bankruptcy, missed a bond payment this month.

The company was supposed to pay $2.6 million April 1 on its 2 percent convertible bonds, which are due in 2018, according to data compiled by Bloomberg. SunEdison has a grace period through May 1.

The trustee, Wilmington Trust Corp., confirmed April 11 that the payment was missed...