BETHESDA, Maryland — Enviva announced that it has entered into two Restructuring Support Agreements (RSAs): one RSA with an ad hoc group of holders representing approximately 72% of its senior secured credit facility… and a second RSA with certain holders representing more than 92% of bonds. …The RSAs are designed to support an expedited restructuring to reduce the Company’s debt by approximately $1.0 billion, as well as improve profitability. Enviva and certain of its subsidiaries have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Virginia. …Glenn Nunziata, Interim CEO said, “We look forward to emerging from this process better positioned to be a leader in the future growth of the wood-based biomass industry.” …The restructuring is targeted to be completed during the fourth quarter of 2024, and throughout the process, Enviva plans to continue constructing its Epes plant, with an in-service date expected to be during the first half of 2025.