SunEdison Slips on Report Company Is in Talks With Creditorsby
SunEdison Inc. fell the most in five weeks after a report that it’s in debtor-in-possession negotiations with some creditors on $725 million in second-lien loans.
SunEdison declined 26 percent to $1.49 at the close in New York, the most since Feb. 12. The Maryland Heights, Missouri-based renewable energy developer has twice delayed reporting 2015 financial statements partly because of questions raised by current and former employees that led to an internal investigation.
Debtwire reported the negotiations over SunEdison’s debt Tuesday, citing two people familiar with the talks.