Senvion Files for Self-Administration Proceedings

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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

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