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Sunnova Energy, one of the country’s largest residential solar companies, is preparing to engage with creditors to explore options including a potential bankruptcy filing over its roughly $8.5 billion in debt, according to people familiar with the matter.
The company, working with law firm Baker Botts and investment bank JP Morgan, is putting together financial information and could begin negotiating with lenders and bondholders about ways to cut its debt and address near-term maturities, either in or out of bankruptcy court, said the people. (WSJ)
The company, working with law firm Baker Botts and investment bank JP Morgan, is putting together financial information and could begin negotiating with lenders and bondholders about ways to cut its debt and address near-term maturities, either in or out of bankruptcy court, said the people. (WSJ)