Explore stories from Atlantic Canada.
- Sunlight Financial, which provides financing for home solar systems, said late on Monday it has filed for Chapter 11 bankruptcy and that it will be sold to a consortium of investors in the solar energy industry.
The consortium, which includes an affiliate of Greenbacker Capital Management, Sunstone Credit, IGS Ventures, and its secured lender Cross River Bank, will invest"significant new capital" in Sunlight Financial to reduce its debt, the company said in a statement.Sunlight Financial listed its assets in the range of $100 million to $500 million while liabilities were between $500 million to $1 billion, according to an Oct. 30 filing with U.S. Bankruptcy Court for the District of Delaware.
In 2021, Sunlight Financial went public by merging with Apollo-backed Spartan Acquisition Corp II in a $1.3-billion deal, that included investments by a group led by venture investor Chamath Palihapitiya.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Sunlight Financial Files for Chapter 11, Inks Sale to InvestorsSunlight Financial Holdings Inc. filed for Chapter 11 bankruptcy in the US after arranging a deal to be bought by a solar energy industry investor group that includes a lender.
Lire la suite »
China factory activity unexpectedly shrinks in Oct, dents recovery momentumExplore stories from Atlantic Canada.
Lire la suite »
Striking US actors union says major issues still unresolved with studiosExplore stories from Atlantic Canada.
Lire la suite »
Games-Athletics takes Pan Am spotlight but 100 metres left in shadowsExplore stories from Atlantic Canada.
Lire la suite »
Vietnam eyes first semiconductor plant, US officials warn of high costsExplore stories from Atlantic Canada.
Lire la suite »