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Gold/Mining/Energy : SunEdison - Terraform Power - Terraform Global SUNE/TERP/GLB
SUNEQ 0.0101-5.6%Dec 29 3:00 PM EDT
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From: Sam7/25/2017 8:10:47 PM
1 Recommendation

Recommended By
The Ox

   of 676
 
The End is Nigh....What assets do they have left? Why should they have anything at all after what their management did?

SunEdison sets bankruptcy exit as judge OKs reorganization plan
Jul. 25, 2017 7:07 PM ET|By: Carl Surran, SA News Editor

SunEdison ( OTCPK:SUNEQ) wins final approval for a bankruptcy plan that will leave nothing for shareholders whose investment once had been worth ~$10B.

SUNE will exit Chapter 11 to “continue business operations to administer and maximize the value of the company’s remaining assets,” according to court filings.

SUNE’s second-lien debt holders participating in the exit financing will get 90% of the company’s new common stock as well as 90% of Class A shares in TerraForm Power (NASDAQ: TERP) in exchange for backing a rights offering designed to raise $300M for the bankruptcy exit.

Now read: SunEdison's Confirmation Hearing Is On July 20 - The End To This Saga »

seekingalpha.com
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