SunEdison Scrambles to Secure Creditor Deal on Bankruptcy Loan
- Yieldcos seek assurance company can pay for its own wind-down
- Hearing to resume Friday on $1.34 billion financing package
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SunEdison Inc. is trying again to hammer out a deal with creditors for a loan the renewable energy giant says it needs to avoid an immediate “fire sale” liquidation.
A hearing Thursday before U.S. Bankruptcy Judge Stuart Bernstein in Manhattan was halted after a hallway negotiation failed to completely resolve objections from creditors who said the company will probably liquidate even if it does get the $1.34 billion financing package.