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SunEdison Said Near Bankruptcy, Multiple Possible Outcomes Seen

  • Company may file for bankruptcy protection as soon as Sunday
  • `The company doesn’t come out looking precisely the same'
Updated on

SunEdison Inc. is preparing to file for bankruptcy protection, according to a person familiar with the matter. The move would confirm what the industry has been expecting for months.

The company, the world’s biggest clean-energy business, may file in New York as early as Sunday, according to the person. SunEdison has arranged with first- and second-lien lenders for financing to carry it through bankruptcy reorganization, said the person, who asked not to be identified because the situation is private.