Enviva Skips Interest Payment on 6.5% Notes, Enters Grace Period

Enviva Inc. skipped a roughly $24.4 million interest payment due on its 6.5% senior notes, electing to enter a 30-day grace period, according to a regulatory filing.

• The company elected to “enhance its short-term financial flexibility” by entering the grace period while it continues negotiations on its capital structure and liquidity, according to the filing
• The wood pellet producer also said it has sufficient cash on hand to make the interest payment on the notes due 2026
• READ MORE: Biomass Leader Enviva Plunges Amid Debt Chaos, Replaces CEO

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