While the talks with its first- and second-lien lenders are “ongoing” and there is “no assurance” that any agreement will be reached, the disclosure will be taken by many as further evidence of the inevitability of a Chapter 11 bankruptcy at SunEdison.
Shares of SunEdison crashed more than 33% in early trading Friday, to $0.39, wiping out the big gains the stock notched on Thursday after the company said an internal investigation had turned up no evidence of “material misstatements” in its previous filings.
