Enviva, the most important U.S. wooden pellet exporter, is skipping a $24 million cost as a result of its bondholders Tuesday, in line with a securities submitting, because it continues restructuring discussions within the wake of a disastrous wager on future pellet costs.
The firm now has 30 days to make the bond cost earlier than the failure to pay constitutes an occasion of default. Enviva is conducting a assessment of options to handle its capital construction and liquidity wants, the corporate has mentioned.
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Source: wsj.com
