LDK Solar Says 60% of Bondholders Agree to Restructuring
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LDK Solar Co., the Chinese manufacturer that failed to pay a maturing bond at the end of February, said today that holders of 60 percent of the notes’ principal have agreed to a restructuring deal.
Minority shareholder Heng Rui Xin Energy Co. also agreed to provide as much as $14 million in interim financing, Xinyu, China-based LDK said in a statement today.