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BayTrader280

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BayTrader280

Re: Forever Long post# 27389

Wednesday, 09/07/2016 11:18:04 PM

Wednesday, September 07, 2016 11:18:04 PM

Post# of 36208
This article is saying that SUNE is way short in assets to cover debts? $12B??? Excluding YieldCos WTF!?!?

http://www.pv-tech.org/news/sunedison-receives-100-bids-but-sum-of-parts-well-below-debt-levels


I do not understand how they are that far off Debt vs Assets?!?! They have $4.5B in Debt and only $1.5B in Assets, throw in TERP / GLBL which should definitely go for fair value but does leave them short. If VSLR also wants another $1B on top of the debt and with all the BK fees, SUNE needs min. $1.5B - $2B more to cover everything, not sure where they are going to get an additional $2B?!?!?!

Any Ideas?
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