Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

You are asking all the right questions but unfortunately they are the questions and criteria commons should have pushed hard for in April 2016. The Judge went along with the Debtor and its advisors I think largely on the reputation of the advisors. The Judge may have given too much away to the DIP Lenders but hindsight is 20/20. If the Judge puts the kibosh on all the Debtor's current requests, including the DIP Refinancing, then the result is likely a declaration of default by the DIP Lenders (as of April 2017) and the high risk of a switch to Chapter 7 due to the current drain on remaining cash. In such an event Brookfield is likely to walk away from its bid on the Yieldcos and you will have delays upon delays thru the rest of bankruptcy as a trustee runs the show.