LDK Solar secures 30-day forbearance for 10% senior notes due 2014

By Susanna Moon

Chicago, Sept. 26 - LDK Solar Co., Ltd. said it secured a 30-day forbearance from holders of a majority of its dollar-settled 10% senior notes due 2014.

The forbearance arrangement, which expires on Oct. 27, is for the interest payment due under the notes on Aug. 28, which remains unpaid, according to a company press release.

As reported previously, LDK Solar has hired Jefferies LLC as a financial adviser. Holders may contact Augusto King at aking@Jefferies.com, Steven Strom at sstrom@Jefferies.com, Lyndon Norley at lyndon.norley@Jefferies.com or Richard Klein at rklein@Jefferies.com with any questions.

LDK Solar is a manufacturer of photovoltaic products based in Xinyu City, China.

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