Mon 10/16/2023 07:30 AM
Enviva, a producer of wood pellets used for electricity and heat production, has seen the price of its unsecured 2026 notes plunge to 77.6 cents on the dollar as of Friday, Oct. 13, down from approximately 95 at the beginning of the year, according to Solve Advisors, and is currently yielding 19.1%. Its share price has also declined 89.4% year to date, from $48.35 per share to $5.11 as of Oct. 13,...
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