Miller said that the failure to secure that financing “left the company with no other option but to seek to reorganize through a bankruptcy filing under Chapter 11.”

One Obama administration official with knowledge of the deal offered some additional insight last night into what happened during the final days of Solyndra.

In August, the official said, Solydra’s investors informed the company and DOE that they would not loan Solyndra any more money unless DOE agreed to another restructuring that would have required significant concessions. It was determined that those concessions would have the government, and taxpayers, in a significantly worse position and DOE rejected the terms. DOE did offer to consider whether there might be other more mutually acceptable ways forward. But before those discussions could be completed, the company ran out of available cash.

The potential August deal and potential lifeline that the administration could have offered to Solyndra is certain to raise plenty of new questions about the final days of the company, but it does offer some explanation as to why company CEO Brian Harrison was in Washington as recently as late July telling members of the House Energy and Commerce Committee that the company was on solid financial footing.