UK Broadband Providers' Roll-Out Ambitions Hit Financing Hurdles
Welcome to The Brink. It's Giulia Morpurgo and Constantine Courcoulas in London, where we've looked at the financial pressures building on UK broadband providers. We also have news on solar firm Sunnova, Tropicana, and Ukraine. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net
The UK's loss-making alternative network providers are tapping their stakeholders for fresh cash as they seek to move ahead with their expansion plans.
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Stakeholders can find additional information regarding the Company's chapter 11 process at and at Stakeholder with questions can contact the Company's claims agent, Kroll, by calling (888) 975-5436 (U.S. and Canada toll free) or +1 (646) 930-4686 (International) or emailing SunnovaInfo@ Advisors Kirkland & Ellis LLP and Bracewell LLP are serving as legal counsel, Alvarez & Marsal is serving as financial advisor, Moelis & Company LLC is serving as investment banker, and C Street Advisory Group is serving as strategic communications advisor to the Company. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Porter Hedges LLP are serving as legal counsel and Evercore Inc. is serving as investment banker to the DIP lenders. About Sunnova Sunnova Energy International Inc. is an industry-leading adaptive energy services company focused on making clean energy more accessible, reliable, and affordable for homeowners and businesses. 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Forward-looking statements in this press release include, but are not limited to, statements regarding the debtors' continued operation of the business in the ordinary course throughout the sale process and as 'debtors-in-possession'; the Company's expectation to enter into certain agreements and any assumptions underlying any of the foregoing. All statements, other than statements of historical fact, are forward-looking statements. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. 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These forward-looking statements should not be relied upon as representing the Company's views as of any subsequent date, and the Company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
