Debtwire reports SunEdison (SUNE -13.4%) is in debtor-in-possession (DIP) talks with creditors related to $725M in second-lien loans.
The embattled solar/wind project developer had $11.7B in debt at the end of Q3 to go with $2.4B in cash, and has been trying hard to deleverage and de-risk its balance sheet. SunEdison's Q4 report and 2015 10-K filing are on hold, as the company works to address (as stated last week) "material weaknesses in its internal controls over financial reporting."