From the Form 8-K that SunEdison filed with the SEC we see more debt. "On January 11, 2016, in connection with the Exchange Transactions (as defined below), SunEdison, Inc. (the "Company," "we" or "our") issued $225,000,000 aggregate principal amount of new 5% senior secured convertible notes due 2018 (the "New Notes") under an indenture, dated as of January 11, 2016 (the "Indenture"), among the Company, the Guarantors (as defined below) and Wilmington Trust, National Association, as trustee (the "Trustee")."
Some financial analysts question the ongoing viability of the company. "If SunEdison's financing costs continue to rise in 2016, it will likely spell doom for the company."Link The stock closed at $2.81/share today!
What action will Georgetown take to assure a reliable, low cost supply for the citizens if SunEdison cannot perform to its contract requirements?
Do not know what would happen as the agreement is locked up as tight as Obama's school records.
ReplyDeleteDo not know what would happen as the agreement is locked up as tight as Obama's school records.
ReplyDelete