Enviva announces court approval of dip and the commencement of the dip syndication process

Bethesda, md.--(business wire)--enviva inc. (nyse: eva) (“enviva” or the “company”), a leading producer of sustainably sourced wood-based biomass, today announced that the u.s. bankruptcy court for the eastern district of virginia (the “court”) approved, among other matters, its previously announced $500 million debtor-in-possession financing (the “dip facility”) pursuant to the debtor-in-possession credit and note purchase agreement (the “dip facility agreement”) and the procedures and related.
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