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Enviva (NYSE:EVA) +22.3% post-market Friday after it entered into a forbearance agreement with some of its lenders, following a failed $24.4M semiannual interest bond payment, Dow Jones reported.
The largest U.S. exporter of wood pellets will continue negotiating with the forbearing counterparties, its customers, and other stakeholders during the forbearance period, which will terminate on March 4, according to the report.
The Wall Street Journal reported earlier this week that the company was preparing to file for bankruptcy within days.
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