Reported Earlier, Enviva Takes Decisive Action To Secure Future With $1B Debt Cut And $500M In New Financing Amid Voluntary Chapter 11

3/13/24 1:59:41 AM ET

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-- Restructuring Plan Expected to Reduce Debt by Approximately $1.0 Billion, Improve Profitability, and Better Position the Business for Long-Term Success --

-- Company Commences Voluntary Chapter 11 Proceedings to Implement Pre-Arranged Restructuring Plan --

-- Company Secures Commitment for $500 Million in Debtor-in-Possession Financing --

-- Enviva Continues Operations while Advancing its Transformation Plan -

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Recent Analyst Ratings for
$EVA

Date	Price Target	Rating	Analyst
11/16/2023		Strong Buy → Mkt Perform	Raymond James
10/18/2023	$14.00 → $10.00	Neutral	JP Morgan
10/6/2023	$8.00	Neutral	Goldman
5/4/2023	$40.00 → $10.00	Buy → Sell	Truist
10/18/2022	$80.00	Outperform → Strong Buy	Raymond James
10/14/2022	$79.00 → $62.00	Neutral → Buy	Citigroup
9/15/2022	$80.00	Mkt Perform → Outperform	Raymond James
8/19/2022	$78.00 → $76.00	Outperform → Sector Perform	RBC Capital Mkts

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Enviva Receives NYSE Notice Regarding Delayed Form 10-K Filing
BETHESDA, Md., April 8, 2024 /PRNewswire/ -- Enviva Inc. (NYSE:EVA) ("Enviva" or the "Company") today announced that on April 2, 2024, the Company received notice from the New York Stock Exchange (the "NYSE") that it is not in compliance with Section 802.01E of the NYSE Listed Company Manual due to a delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023, with the Securities and Exchange Commission (the "SEC"). The NYSE Notice has no immediate effect on the listing of the Company's common stock on the NYSE. The NYSE informed the Company that, under the NYSE's rules, the Company will have six months from April 1, 2024 to file the Form 10-K with the SEC. The Compa
4/8/24 4:30:00 PM ET
$EVA
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Enviva Announces Court Approval of DIP and the Commencement of the DIP Syndication Process
Enviva Inc. (NYSE:EVA) ("Enviva" or the "Company"), a leading producer of sustainably sourced wood-based biomass, today announced that the U.S. Bankruptcy Court for the Eastern District of Virginia (the "Court") approved, among other matters, its previously announced $500 million debtor-in-possession financing (the "DIP Facility") pursuant to the Debtor-in-Possession Credit and Note Purchase Agreement (the "DIP Facility Agreement") and the procedures and related materials that will govern the syndication of the DIP Facility. Pursuant to the DIP Facility Agreement, the Company intends to offer certain holders of shares of the Company's Common Stock, par value $0.001 (CUSIP 29415B103) (the "C
3/15/24 2:36:00 PM ET
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Enviva Announces Comprehensive Agreements to Delever Balance Sheet and Strengthen Financial Position
-- Restructuring Plan Expected to Reduce Debt by Approximately $1.0 Billion, Improve Profitability, and Better Position the Business for Long-Term Success -- -- Company Commences Voluntary Chapter 11 Proceedings to Implement Pre-Arranged Restructuring Plan -- -- Company Secures Commitment for $500 Million in Debtor-in-Possession Financing -- -- Enviva Continues Operations while Advancing its Transformation Plan -- Enviva Inc. (NYSE:EVA) ("Enviva" or the "Company"), a leading producer of sustainably sourced wood-based biomass, today announced that it has entered into two Restructuring Support Agreements ("RSAs"): one RSA with an ad hoc group of holders (the "Ad Hoc Group") representi
3/12/24 10:33:00 PM ET
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12 Energy Stocks Moving In Wednesday's After-Market Session
Gainers Tellurian (AMEX:TELL) stock moved upwards by 4.6% to $0.68 during Wednesday's after-market session. The market value of their outstanding shares is at $568.6 million. KNOT Offshore Partners (NYSE:KNOP) stock increased by 2.73% to $7.51. The company's market cap stands at $262.3 million. San Juan Basin Royalty (NYSE:SJT) shares rose 2.27% to $4.04. The market value of their outstanding shares is at $188.2 million. Enservco (AMEX:ENSV) shares increased by 2.0% to $0.25. The market value of their outstanding shares is at $6.8 million. Enviva (NYSE:EVA) shares moved upwards by 1.45% to $0.6. The company's market cap stands at $44.6 million. Uranium Energy (AMEX:UEC) stock moved upw
6/5/24 4:31:08 PM ET
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12 Energy Stocks Moving In Tuesday's After-Market Session
Gainers Tetra Technologies (NYSE:TTI) stock rose 4.9% to $3.63 during Tuesday's after-market session. The market value of their outstanding shares is at $476.0 million. TXO Partners (NYSE:TXO) shares increased by 4.84% to $21.02. The company's market cap stands at $650.3 million. Comstock (AMEX:LODE) stock rose 4.53% to $0.23. The market value of their outstanding shares is at $32.4 million. Enservco (AMEX:ENSV) stock moved upwards by 3.94% to $0.26. The company's market cap stands at $7.0 million. Enviva (NYSE:EVA) stock rose 3.31% to $0.58. The company's market cap stands at $43.1 million. FutureFuel (NYSE:FF) shares rose 2.06% to $4.45. The market value of their outstanding shares i
6/4/24 4:30:54 PM ET
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Enviva Receives NYSE Notice Regarding Delayed Form 10-K Filing
Enviva Inc. (NYSE:EVA) ("Enviva" or the "Company") today announced that on April 2, 2024, the Company received notice from the New York Stock Exchange (the "NYSE") that it is not in compliance with Section 802.01E of the NYSE Listed Company Manual due to a delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023, with the Securities and Exchange Commission (the "SEC").The NYSE Notice has no immediate effect on the listing of the Company's common stock on the NYSE. The NYSE informed the Company that, under the NYSE's rules, the Company will have six months from April 1, 2024 to file the Form 10-K with the SEC. The Company can regain compliance with the NYSE listing
4/8/24 4:31:30 PM ET
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Enviva Reports 3Q 2023 Results
Glenn Nunziata Appointed Interim Chief Executive Officer Enviva Inc. (NYSE:EVA) ("Enviva" or the "Company") today released financial and operating results for third-quarter 2023, announced a comprehensive review of its capital structure to improve the Company's financial position, and announced a realignment of leadership, including the appointment of Glenn Nunziata, Chief Financial Officer, as Enviva's interim Chief Executive Officer as the Company focuses on executing a multi-faceted transformation plan. 3Q 2023 Financial and Operational Update: Reported a net loss of $85.2 million for third-quarter 2023, as compared to a net loss of $18.3 million for third-quarter 2022; net loss f
11/9/23 6:42:00 AM ET
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Enviva to Hold Conference Call for Third-Quarter 2023 Financial Results
Enviva Inc. (NYSE:EVA) ("Enviva") today announced the timing of its conference call to discuss third-quarter 2023 financial results. When: November 9, 2023, at 8:30 a.m. Eastern Time How: By dialing (877) 883-0383 in the United States, +1 (412) 902-6506 internationally, and entering the Participant Entry Number 4600445, or via webcast through the Investor Relations section of Enviva's website at ir.envivabiomass.com Replays: Will be available online for a year and accessible via Enviva's website at ir.envivabiomass.com About Enviva Enviva Inc. (NYSE:EVA) is the world's largest producer
10/17/23 4:30:00 PM ET
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Enviva Reports 2Q 2023 Results and Provides Progress Update on Cost and Productivity Improvement Initiatives
Enviva Inc. (NYSE:EVA) ("Enviva," the "Company," "we," "us," or "our") today released financial and operating results for second-quarter 2023 and provided a progress update on cost-reduction and productivity improvement initiatives across its operations. Financial Update: Reported a net loss of $55.8 million for second-quarter 2023, as compared to a net loss of $27.3 million for second-quarter 2022; net loss for second-quarter 2023 was in line with the previously disclosed guidance range Reported adjusted EBITDA for second-quarter 2023 of $26.0 million as compared to $39.5 million for second-quarter 2022; adjusted EBITDA for second-quarter 2023 was in line with the previously discl
8/2/23 6:25:00 PM ET
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Enviva Appoints Glenn Nunziata as New Chief Financial Officer
Enviva Inc. (NYSE:EVA) ("Enviva" or the "Company"), the world's leading producer of sustainably sourced woody biomass, today announced that Glenn Nunziata has been named the Company's Executive Vice President and Chief Financial Officer, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230830090441/en/Glenn Nunziata (Photo: Business Wire) "We are excited to welcome Glenn to Enviva's executive team at a time when our Company and the global biomass industry are serving an increasingly important role in the energy transition, providing energy security and defossilizing supply chains worldwide," said Thomas Meth
8/30/23 4:30:00 PM ET
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Enviva Announces Four Senior Officer Appointments
Enviva Inc. (NYSE:EVA), the world's leading producer of sustainably sourced woody biomass, today announced the appointments of a Chief Commercial Officer, Chief Sustainability Officer, Chief Administrative and People Officer, and General Counsel. As the demand for reliable, dispatchable, and renewable alternatives to displace fossil fuels and secure a stable energy transition continues to increase, Enviva remains steadfast in its commitment to sustainably grow and scale its manufacturing and customer footprints. To better ensure the success of its commercial growth trajectory, Enviva has appointed John-Paul Taylor to Chief Commercial Officer. Taylor joined Enviva as Vice President, Optimi
1/19/23 8:00:00 AM ET
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Enviva Announces New Executive Vice President and Chief Development Officer Mark Coscio
Today, Enviva Inc. (NYSE:EVA), the world's leading producer of sustainably sourced wood biomass, announced that it has appointed Mark Coscio as Executive Vice President and Chief Development Officer. In his new role, Coscio will be responsible for leading Enviva's corporate development and construction functions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221006005713/en/Photo of Mark Coscio, Executive Vice President and Chief Development Officer at Enviva. (Photo: Business Wire) "Given the continuing structural shortage in wood pellet supply in our industry, where long-term demand continues to outstrip supply, there has neve
10/6/22 10:30:00 AM ET
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Reported Earlier, Enviva Takes Decisive Action To Secure Future With $1B Debt Cut And $500M In New Financing Amid Voluntary Chapter 11

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$EVA Insider Trading

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Taylor John-Paul D. converted options into 8,226 shares and covered exercise/tax liability with 2,740 shares, increasing direct ownership by 8% to 70,174 units (SEC Form 4)

Paral Jason E. converted options into 5,587 shares and covered exercise/tax liability with 1,682 shares, increasing direct ownership by 59% to 10,562 units (SEC Form 4)

Coscio Mark A converted options into 2,572 shares and covered exercise/tax liability with 1,013 shares, increasing direct ownership by 16% to 11,559 units (SEC Form 4)

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Enviva downgraded by Raymond James

JP Morgan resumed coverage on Enviva with a new price target

Goldman resumed coverage on Enviva with a new price target

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Enviva Receives NYSE Notice Regarding Delayed Form 10-K Filing

Enviva Announces Court Approval of DIP and the Commencement of the DIP Syndication Process

Enviva Announces Comprehensive Agreements to Delever Balance Sheet and Strengthen Financial Position

$EVA Market Insights

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12 Energy Stocks Moving In Wednesday's After-Market Session

12 Energy Stocks Moving In Tuesday's After-Market Session

Enviva Receives NYSE Notice Regarding Delayed Form 10-K Filing

$EVA Financials

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Enviva Reports 3Q 2023 Results

Enviva to Hold Conference Call for Third-Quarter 2023 Financial Results

Enviva Reports 2Q 2023 Results and Provides Progress Update on Cost and Productivity Improvement Initiatives

$EVA SEC Filings

SEC Form 15-12G filed by Enviva Inc.

SEC Form 25-NSE filed by Enviva Inc.

Enviva Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits

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SEC Form SC 13G/A filed by Enviva Inc. (Amendment)

SEC Form SC 13D/A filed by Enviva Inc. (Amendment)

SEC Form SC 13D/A filed by Enviva Inc. (Amendment)

$EVA Leadership Updates

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Enviva Appoints Glenn Nunziata as New Chief Financial Officer

Enviva Announces Four Senior Officer Appointments

Enviva Announces New Executive Vice President and Chief Development Officer Mark Coscio

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