---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-033709"
form_type: "8-K"
ticker: null
cik: "0001592057"
company_name: "Enviva Inc."
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:17:30.704472+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Enviva files for Chapter 11 with RSA to cut debt ~$1B; secures $500M DIP

## Summary
- Voluntary Chapter 11 petitions filed March 12, 2024; company expects to continue normal operations.
- Restructuring Support Agreements signed with holders of ~72% of secured debt, ~95% of 2026 notes.
- Plan reduces debt by ~$1.0B; existing equity gets 5% of reorganized company plus warrants for additional 5%.
- Committed $500M DIP facility from Ad Hoc Group to fund operations and complete Epes plant.
- Aim to emerge in Q4 2024; Epes in-service H1 2025; Bond project paused indefinitely.

## SEC filing metadata
- accession: 0001104659-24-033709
- form_type: 8-K
- cik: 0001592057
- company_name: Enviva Inc.
- filed_at: 2024-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 2.02, 7.01, 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1592057/000110465924033709/0001104659-24-033709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1592057/000110465924033709/tm248430d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-033709
- JSON: https://secwatch.observer/filing/0001104659-24-033709.json
- Plain text: https://secwatch.observer/filing/0001104659-24-033709.txt

## Key facts
- Debt Financings
  Enviva Inc. faced acceleration on senior notes with Wilmington Savings Fund Society, FSB (as successor to Wilmington Trust, N.A.), as trustee.
  - Instrument: senior notes
  - Counterparty: Wilmington Savings Fund Society, FSB (as successor to Wilmington Trust, N.A.), as trustee
  - Event: acceleration
  source text: The filing of the Bankruptcy Petitions described above constitutes an event of default and acceleration under each of the following debt instruments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1592057/000110465924033709/0001104659-24-033709-index.htm
- Debt Financings
  Enviva Inc. faced acceleration on credit facility with Ankura Trust Company, LLC, as Administrative Agent and as Collateral Agent.
  - Instrument: credit facility
  - Counterparty: Ankura Trust Company, LLC, as Administrative Agent and as Collateral Agent
  - Event: acceleration
  source text: The filing of the Bankruptcy Petitions described above constitutes an event of default and acceleration under each of the following debt instruments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1592057/000110465924033709/0001104659-24-033709-index.htm
- Debt Financings
  Enviva Inc. faced acceleration on loan with The Industrial Development Authority of Sumter County.
  - Instrument: loan
  - Counterparty: The Industrial Development Authority of Sumter County
  - Event: acceleration
  source text: The filing of the Bankruptcy Petitions described above constitutes an event of default and acceleration under each of the following debt instruments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1592057/000110465924033709/0001104659-24-033709-index.htm
- Debt Financings
  Enviva Inc. faced acceleration on debt with Wilmington Trust, N.A., as trustee.
  - Counterparty: Wilmington Trust, N.A., as trustee
  - Event: acceleration
  source text: The filing of the Bankruptcy Petitions described above constitutes an event of default and acceleration under each of the following debt instruments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1592057/000110465924033709/0001104659-24-033709-index.htm
- Debt Financings
  Enviva Inc. faced acceleration on debt with Mississippi Business Finance Corporation.
  - Counterparty: Mississippi Business Finance Corporation
  - Event: acceleration
  source text: The filing of the Bankruptcy Petitions described above constitutes an event of default and acceleration under each of the following debt instruments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1592057/000110465924033709/0001104659-24-033709-index.htm
- Distress & Bankruptcy
  Enviva Inc. entered chapter 11 in United States Bankruptcy Court for the Eastern District of Virginia (petition 2024-03-12).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Eastern District of Virginia
  - Petition: 2024-03-12
  source text: On the Petition Date, the Company and certain subsidiaries of the Company (collectively, the “ Debtors ”) filed voluntary petitions (“ Bankruptcy Petitions ”) for reorganization under Chapter 11 of Title 11 of the United States Code (“ Bankruptcy Code ”) in the United States Bankruptcy Court for the Eastern District of Virginia (“ Bankruptcy Court ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1592057/000110465924033709/0001104659-24-033709-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.