Sunedison Inc. (fka SUNEQ)

[dade]

At the beginning of the month, SunEdison tapped financial adviser Rothschild to look at restructuring its debt. It’s unsure whether this is still in play, but restructuring would give SunEdison more time and would allow the company (potentially) to keep operating in its current form. Debt holders could either take a haircut and accept less for their investment or receive equity stakes in SUNE.

Either way, a restructuring would take bankruptcy off the table for now.

Another possibility would be that someone — say, a hedge fund with a big stake already in SunEdison — could step in and either offer to buy it outright, or buy up all of SUNE’s debt and take it private. David Einhort’s Greenlight Capital had a 4% stake in SunEdison as of January, and Einhorn himself owned even more, at 6.8%.

I’m sure he wouldn’t want those investments to go up in flames.


http://investorplace.com/2016/04/sunedison-inc-save-sune-stock/#.Vv6gwEb3bCQ