SunEdison Yieldco Deal Allocation Spat Heads To Mediation

Law360, New York (April 19, 2017, 7:54 PM EDT) -- SunEdison Inc.’s contentious bankruptcy appeared to have hit a tipping point Tuesday, as the New York bankruptcy judge overseeing the case ordered all parties involved to enter mediation talks, and unsecured creditors blasted the company’s new $640 million loan proposal and threatened to convert the case to Chapter 7.

U.S. Bankruptcy Judge Stuart M. Bernstein noted in his order that major hurdles, including an adversary proceeding and a handful of full-throated objections, still needed to be overcome before SunEdison can consummate its proposed Chapter 11 plan....
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