A group of SunEdison Inc (SUNEQ.PK) lenders took control of the renewable energy developer after inking a "sweetheart deal" to try to save their investment as the company approached bankruptcy, hurting other creditors, according to a lawsuit filed late Thursday in U.S. bankruptcy court. SunEdison transferred "hundreds of millions of dollars" to the lenders, which included buyout firms Apollo Global Management LLC and Cerberus Capital Management LP and more than 15 hedge funds, before it filed for bankruptcy, hurting the company's other creditors, according to a redacted version of the complaint. SunEdison's unsecured creditors, including Vivint Solar Inc (VSLR.N), filed the lawsuit.
SunEdison Inc. hid its “toxic” financial state while granting hundreds of millions of dollars in benefits to its most powerful lenders before its April bankruptcy, creditors of the clean-energy giant say ...
- Bloomberg•4 days ago
State-owned Solar Energy Corp. of India said the government received fees needed for a 500-megawatt solar park, won by bankrupt renewable-energy developer SunEdison Inc., to go ahead.
SunEdison, Inc. (SUNE)
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