Enviva's $500M DIP Approved With Shareholder Rights Intact

By Vince Sullivan · May 1, 2024, 10:21 PM EDT

Enviva Inc. received permission Wednesday from a Virginia bankruptcy judge to tap a $500 million debtor-in-possession financing package that includes a provision allowing existing shareholders to chip in up to $100...

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Bankruptcy Scorecard

Summary

The world's largest producer of industrial wood pellets, has filed for Chapter 11 protection, months after it reported hundreds of millions in losses after a faulty bet on future prices of the energy source.

Case Number

1:24-bk-10453

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Eastern District of Virginia

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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Related Sections

Case Information

Case Title

Enviva Inc.

Case Number

1:24-bk-10453

Court

Virginia Eastern

Nature of Suit

Date Filed

March 12, 2024

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