Lenders to Blackstone-Backed Enstall Tap Lawyer Amid Debt Woes

Enstall Group BV’s lenders have mobilized lawyers before opening crunch talks with key stakeholders on the firm’s cash burn and declining credit profile, people with knowledge of the matter said.

Some creditors to the maker of solar mounting systems have appointed law firm Milbank LLP as counsel ahead of potential conversations about the firm’s capital structure, the people said, speaking on the condition of anonymity.

The discussions are set to pit two parts of Blackstone Inc. against each another, with the private capital titan holding equity in Enstall as well as being part of the debt stack through its ...