Posted 3/13/2024, 10:45:49 AM
Enviva Files for Bankruptcy, Seeks Financing to Continue Operations
- Enviva has commenced Chapter 11 bankruptcy restructuring to operate normally during this period
- Seeking $500 million in debtor-in-possession financing to support operations and construction projects
- Proposing procedures to preserve net operating losses for future tax benefits
- Bankruptcy has caused debt obligations to default, although enforcement is stayed
- Recent Enviva statements contain forward-looking info subject to change