In mid-November, Enviva, the world’s largest wood pellet producer with headquarters in Bethesda (USA), successfully emerged from restructuring proceedings under Chapter 11 of the U.S. Bankruptcy Code. As part of its financial restructuring, Enviva has equitized more than US-$1 billion of indebtedness. According to Enviva, an additional US-$250 million of new money financing through an Equity Rights Offering helped create a stable financial base which ensures sufficient liquidity.
