SunEdison no longer bankrupt, will re-emerge as much smaller company

By Kelly Pickerel SunEdison announced that its reorganization plan became effective on Dec. 29, 2017, and the company has emerged from Chapter 11 as a newly reorganized, privately held company. As previously announced, the Bankruptcy Court for the Southern District of New York confirmed the plan on July 28, 2017.
Following over $2.3 billion of gross asset sales throughout its Chapter 11 cases – including the sale of the company’s most valuable asset, its interests in non-debtor affiliates TerraForm Power and TerraForm Global (together, the yieldcos) – SunEdison emerges with a significantly smaller footprint and will continue to focus on monetizing its remaining assets.

Read Full Article Here

For more great articles: Solar Power World

(Visited 2 times, 1 visits today)



© 2014 RenewaNews