Solyndra files bankrupcty, names creditors
Solyndra Inc. officially filed for bankruptcy Tuesday morning in Delaware.
The company owed lenders $783.8 million (see affidavit, page 7, here for more details) including $527.8 million to the U.S. government which had committed a $535 million loan guarantee and low-interest loan to the company. Solyndra's assets are valued at $859 million according to the bankruptcy filing. Due to debt restructuring Solyndra did earlier this year, Argonaut Capital would be paid back $69.3 million before the U.S. government is repaid its loan.
Solyndra's largest unsecured creditors include:
- Schott North America — $7.69 million
- MGS Manufacturing Group — $7.51 million
- Howard Hughes Medical Institute — $4.8 million
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