Bank of America may be interested in bailing out SunEdison


A shareholder in the SunEdison bankruptcy case has filed a motion to meet with Judge Stuart Bernstein to discuss “enthusiastic interest” of Bank of America to finance an end to the proceedings.

Stephen A. Miller, representing himself as a shareholder of SunEdison, told Bernstein, who has overseen SunEdison’s bankruptcy proceedings since the initial filing in April, that he would like to meet privately in chambers because he had “developed enthusiastic interest with Bank of America to finance the emergence of sune (SunEdison) from bankruptcy,” according to the filing.

“The bank must be sure the court agrees [to its involvement] before it commits financing,” Miller continued. “The work [to complete the financing deal] will take between four and seven weeks.”

There is no indication that the meeting has taken place or will ever take place.

Miller, a resident of Bridgeport, Conn., is a crusader against Connecticut’s nuclear energy industry and has filed several lawsuits in the state suggesting that the mainstream media is a criminal conspiracy, according to his Facebook profile.

SunEdison, once the darling of Wall Street and held up as an example for other solar companies to follow, declared bankruptcy in late April after racking up $16.1 billion in debt, tied to a rapid portfolio expansion fueled by project purchases.

For a history of the disposition of SunEdison’s assets after its bankruptcy in April, check out pv magazine USA’s reporting on the issue.

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