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 (In re SunEdison Inc., Bankr. S.D.N.Y., 16-10992, hearing 5/19/16).
A hearing May 19 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.
SunEdison will go before Bernstein again May 20 in an effort to avoid a frantic sell-off of its ...
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