- LDK Solar (LDK) enters a new 30-day forbearance arrangement for its 10% senior notes.
- The renewed arrangement relates to interest due on Aug. 28, 2013 that remains unpaid.
- LDK: "It is LDK Solar's intention to find a consensual solution to its obligations under the Notes as soon as possible and LDK Solar remains hopeful that it will be able to achieve that goal."
- This marks the fourth time LDK has been forced to seek forbearance - it previously did so on 9/26, 10/28, and 11/26.
- Source: press release
LDK Solar kicks the debt can down the road, again
Dec 10 2013, 03:12 ET