Flexible Electronics News

Evergreen Solar Files for Chapter 11 Reorganization

Agrees to sell assets in a 363 asset sale

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Evergreen Solar, Inc., a manufacturer of String Ribbon solar power products with its proprietary, low-cost silicon wafer technology, announced that it had voluntarily filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code. The petition was filed in the U.S. Bankruptcy Court for the District of Delaware. In conjunction with the Chapter 11 filing, the company entered into a restructuring support agreement with certain holders of more than 70% of the outstanding principal amoun...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters