Warburg Pincus-Backed Solar Mosaic Files for Bankruptcy (3)

Solar Mosaic LLC, a provider of home solar loans that has private equity firm Warburg Pincus as a major backer, filed for bankruptcy on Friday in the face of market uncertainty over federal support of clean energy.

The company filed for Chapter 11 in the Southern District of Texas, listing between $1 billion and $10 billion in assets and the same of liabilities, according to court documents.

The Oakland, California-based company will receive $45 million in debtor-in-possession financing from its existing lenders, including $15 million in new money financing which, following court approval, is expected to fund the ...