Senvion Files For Self-Administered Restructuring – Offshore WIND
Senvion GmbH has filed for self-administered restructuring proceedings after refinancing discussions with lenders have so far not come to a positive conclusion.
These preliminary self-administration proceedings relate to Senvion GmbH as well as its subsidiary Senvion Deutschland GmbH.
The objective of the proceedings is to allow Senvion to proceed with the transformation process that was started earlier this year by the CEO and Management Board. In parallel, lenders and major bondholders are currently continuing discussions around a financing offer to secure the continuation of operations which may allow the company to successfully exit this process, the German turbine maker said.
Although we could not yet wi…
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