Having last month won a “standstill” agreement with three-quarters of its creditors, Abengoa this week convinced a Spanish judge to sign off on the agreement, forcing its other creditors to accept the same terms.
As a result, Abengoa will not have to make any repayments on its debt until late October.
Abengoa is attempting to negotiate a €9.4bn ($10.7bn) debt restructuring plan.
