2019-07-24
http://w3.windfair.net/wind-energy/news/31209-senvion-self-administration-shareholder-lender-investor-money-wind-turbine

Senvion Files for Self-Administration Proceedings

Image: SenvionImage: Senvion
Turbine manufacturer is already in talks with potential investors

Official Press Release Senvion:

Senvion accelerates its transformation program, launched in January 2019, with self-administered restructuring plan

Wind Industry Profile of
Senvion accelerates its transformation program, launched in January 2019, with self-administered restructuring plan

Senvion accelerates its transformation program, launched in January 2019, with self-administered restructuring plan - Business operations shall be continued / Goal of full recovery remains / Financing offer in process of being discussed between lenders and bond holders

Petition filed today - Main shareholder, lenders and major bond holders in support In parallel, lenders and major bond holders are currently continuing intensive discussions around a financing offer to secure the continuation of operations which may allow the company to successfully exit this process CEO Yves Rannou: "Based on our core business strengths, we aim to use the self-administration proceedings to focus on restoring a profitable and sustainable business for our group... ... More: Official Press Release Senvion

Keywords:
Senvion, self-administration, shareholder, lender, investor, money, wind turbine







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