SunEdison Free To Push Back Rights Offering Cutoff

Law360, New York (August 3, 2017, 5:57 PM EDT) -- A New York bankruptcy judge clarified Thursday that SunEdison Inc. has the authority to modify the procedures of a $300 million rights offering that underpins the renewable energy giant's exit from Chapter 11, leading SunEdison to withdraw a request to extend the cutoff date and allow removal of escrowed funds.

From this point, it’s all academic, U.S. Bankruptcy Judge Stuart M. Bernstein told attorneys for SunEdison and two unsecured creditors that sought to prevent it from changing some of the provisions governing a $300 million exit...
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