Tag: Enviva

Enviva enters into two Restructuring Support Agreements to reduce debt by $1B

Enviva enters into two Restructuring Support Agreements to reduce debt by $1B

March 13, 2024 |

In Maryland, Enviva Inc. has entered into two Restructuring Support Agreements: one RSA with an ad hoc group of holders representing approximately 72% of its senior secured credit facility, approximately 95% of its 2026 senior notes, approximately 78% of bonds related to its Epes, Alabama plant currently under construction, and approximately 45% of bonds related […]

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Enviva filing for bankruptcy following bad futures play

Enviva filing for bankruptcy following bad futures play

February 20, 2024 |

In Maryland, the Wall Street Journal reports the largest wood pellet exporter in the US, Enviva, is filing for bankruptcy following a bad move on the futures market that led to hundreds of millions of dollars in losses. It forced the company to miss a $24 million interest payment to bondholders earlier this month, although […]

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