February 10, 2011
Evergreen Extends Financing Offer
Marlborough solar company Evergreen Solar, which has been coming under fire from state officials since announcing the closure of its Devens plant, has extended a financing offer for the second time.
The offer, which would restructure as much as $365 million of the company's convertible debt, was originally set to expire on Jan. 31. A previous extension pushed the deadline to Feb. 9, and the company has now set it at Feb. 11.
The company said the majority of bondholders had not signed on for the exchange by the Feb. 9 deadline.
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