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SunEdison Sale Approval Sought, Subsidiary Chapter 11 Petition Filed

Submitted by jhartgen@abi.org on

SunEdison filed a motion for an order approving the sale of certain equity interests in its Atlantic Power Warehouse, free and clear of all liens, claims and liabilities to DIF Infra 4 US and DIF IV Co-Invest (as buyer) and approving certain releases in connection with the sale, BankruptcyData.com reported today. The bankruptcy court has scheduled a January 12, 2017 hearing on the sale motion. In addition to filing the sale motion, SunEdison subsidiary TerraForm Private Holdings initiated its own chapter 11 filing in the Southern District of New York, case number 16-13523, and seeking joint administration with the SunEdison proceeding.