SunEdison Still Selling Assets

"SunEdison Inc. has reached settlements with TerraForm Power Inc. and TerraForm Global Inc. that are worth $800 million in value to creditors waiting to be paid from its bankruptcy case.WSJ

The creditors committee hasn't signed on to the settlements, which would trade off the clashing claims and set the stage for SunEdison to exit bankruptcy.

SunEdison proposes to allot some of the value from the settlements to unsecured creditors. Court papers say the company’s lawyers will be talking to creditors in the coming days, with a view toward reaching a deal on how to divide the proceeds of the settlement between senior and junior creditors.

The company has said it would file a chapter 11 exit plan by the end of March."