Restructuring Plan Expected to Reduce Debt by Approximately $1.0 Billion, Improve Profitability, and Better Position the Business for Long-Term Success Company Commences Voluntary Chapter.
Enviva Inc (EVA) Commences Voluntary Chapter 11 Proceedings streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Enviva Inc. announces a restructuring plan to reduce debt by $1 billion, entering into agreements with major creditors and commencing Chapter 11 proceedings.
In December last year, South Korean e-commerce giant Coupang made a surprise announcement that it was buying Farfetch, the British luxury shopping platform, in a $500 million deal. The highly-publicized acquisition seemed like a win-win for both: Coupang’s global expansion could be accelerated, backed by Farfetch’s extensive business network, while cash-strapped Farfetch could streamline its operations to.
The online tutor is involved in at least five legal cases, including one filed by key shareholders and another against investors seeking to remove founder Byju Raveendran as the company’s CEO.