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Stock Market & Financial Investment News

News Breaks
December 10, 2013
07:16 EDTLDKLDK Solar enters into further forbearance arrangement with noteholders
LDK Solar announced that it has entered into a new 30-day forbearance arrangement with holders of a majority in aggregate principal amount of its Settled 10% Senior Notes due 2014. The new forbearance arrangement, which expires on January 9, 2014, relates to the interest payment due under the Notes on August 28. That interest payment is still unpaid. 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.
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