This is a public record generated listing.
Majority Interest in Solar Energy Manufacturing Company
Listing Information
Attachments
Majority Interest in Solar Energy Manufacturing Company
Price: Not Specified
Other Item Info
Item #: nysbke_265812
Created: 04/13/2017
Category: Business Property > Investments > Wholly Owned Companies
Sale Location: New York, New York
Sale Date: Thu. Apr 20, 2017
Created: 04/13/2017
Category: Business Property > Investments > Wholly Owned Companies
Sale Location: New York, New York
Sale Date: Thu. Apr 20, 2017
Seller Info
J. Eric Ivester
Debtor's Attorney
4 Times Square
New York, NY 10036
212-735-3000
Debtor's Attorney
4 Times Square
New York, NY 10036
212-735-3000
Bankruptcy Info
Case #: 1:16-bk-10992
Case Title: SunEdison, Inc., et al.,
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: SunEdison, Inc., et al.,
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale Of SunEdison Holdings Corporation’s Shares In Stokes Marsh Solar Holdco Limited, a company incorporated under the laws of England and Wales. The Shares constitute 50.01% of the issued and outstanding shares of the Stokes Marsh Solar Holdco Company.
The Company owns 100% of the issued and outstanding shares (the “Project Shares”) of Stokes Marsh Solar Limited (the “Project Company”). The Project Company owns a 15 MW photovoltaic renewable energy project located in the United Kingdom, known as the Stokes Marsh project (the “Project”).
The project details is more described in Page 10-12 on the attached PDF.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
Receivables:
Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
Sale hearing in "Courtroom 723" @ 10:00 a.m.
Sale term: the Buyer has agreed to (i) cause the Project Company to release approximately £20 million of Project Guarantees, (ii) procure the retirement and release of the full £928,606.80 outstanding under the Performance Bond (if the Sale Transaction is approved at the April Hearing), (iii) release Seller and its affiliates from all claims and causes of action relating to the Project, including with respect to the Litigation (the releases described in clauses (I) through (iii), collectively, the “Buyer Release” and, together with the Seller Release, the “Releases”), and (iv) pay the Seller £1.00.
Last Date to Respond: April 19, 2017