SunEdison exclusive Chapter 11 plan-filing period extended to Nov. 17

By Caroline Salls

Pittsburgh, Aug. 11 – SunEdison, Inc. received an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, SunEdison’s exclusive filing period was extended through Nov. 17 from Aug. 19 and the solicitation period through Jan. 16 from Oct. 18.

“Much work remains to be done, but the debtors have laid important groundwork in a complex case involving thousands of legal entities across the globe and are now poised to move to the next phase of these Chapter 11 cases upon the conclusion of their asset marketing process,” SunEdison said in the motion.

“To lift exclusivity at this point would jeopardize the work that the debtors have accomplished to date and the consensus building that is the hallmark of these cases and for what exclusivity is designed.”

Based in Maryland Heights, Mo., SunEdison operates renewable power plants. It filed for bankruptcy on April 21 in the U.S. Bankruptcy Court for the Southern District of New York under Chapter 11 case number 16-10992.

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