What Triggered Mosaic’s Fall?
Court documents show more than $264.1 million in secured debt alongside $20 million in unsecured liabilities. Mosaic’s filing didn’t emerge in a vacuum — it comes after House legislation reduced critical tax incentives, throwing many solar-dependent businesses into a tailspin.
To stabilize during restructuring, Mosaic is asking the court to approve $45 million in debtor-in-possession (DIP) financing, including $15 million in fresh funds. The company aims to use the injection to maintain operations during the search for a buyer.
Advisors, Bankers, and a Legal Battalion Step In
Mosaic has assembled a heavyweight team for its bankruptcy journey:
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Berkeley Research Group will act as financial adviser
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Jefferies Financial Group has been tapped as investment banker
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Legal representation is led by Paul Hastings LLP, including Charles Persons, Schlea M. Thomas, Matthew M. Murphy, Geoffrey M. King, Michael Jones, and William Reily
These seasoned advisors face the daunting task of navigating Mosaic through turbulent regulatory waters and skeptical creditor negotiations.
