LDK Solar gains another extension to bondholder talks - SolarStar

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January2014
LDK Solar gains another extension to bondholder talksTags£ºLDK Solar  wafer  PV 

LDK Solar  said that a recent short extension to talks with bondholders that ended today has been replaced with a new 21-day forbearance arrangement over unpaid interest on a US$280 million bond debt.

The company is continuing to engage with a majority of bondholders and has previously engaged with investment bank, Jefferies to act as a financial advisor in connection with the debt and LDK Solar""s other offshore obligations.

LDK Solar has not paid interest on the ""notes"" since August 28, 2013.

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