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LDK Solar Submits Proposals to Offshore Creditors

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LDK Solar (NYSE: LDK) announces that it executed confidentiality agreements in December 2013 with certain unaffiliated holders of the Renminbi-denominated US$-settled 10% Senior Notes due 2014 (the "Senior Notes") issued by LDK Solar (such holders, collectively, the "Holders"), to facilitate discussions with the Holders concerning LDK Solar's potential restructuring of its offshore liabilities. Pursuant to the terms of the Confidentiality Agreements, LDK Solar agreed that it would, immediately following the expiry of a period of time agreed with the Holders, disclose publicly the discussions between LDK Solar and the Holders and other confidential information concerning LDK Solar that was disclosed to the Holders. The information included in this announcement is being furnished to satisfy LDK Solar's public disclosure obligations under the Confidentiality Agreements.

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Posted-In: News Guidance Financing Management Global

 

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