Senvion takes DIP debt from bondholders and lenders
Senvion, the wind power services company now locked in restructuring negotiations, said on Wednesday it had raised a €100m debtor-in-possession loan with existing bondholders and lenders.
The company said the facility could be drawn this week “thus enabling it to stabilise its business operations and provide funds to its non-insolvent subsidiaries”.
Senvion placed itself in administration last week, seeking protection from creditors as it continued restructuring discussions.
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