SunEdison files for Ch-11 bankruptcy

SunEdison Inc. filed for Chapter-11 bankruptcy protection, a move that has been expected by investors for weeks.

Trading in the company’s stock was halted at $0.34 a share prior to the filing.

The company secured $300m debtor-in-possession facility whilst it undergoes restructuring.

SunEdison’s yieldcos, TerraForm Power and TerraForm Global were not part of the bankruptcy filing.

TerraForm Power’s stock surged 4.1% in morning trade and TerraForm Global shares climbed 3%.

Source: MarketWatch

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