SolarWorld
–
one
of
the
best-known
names
in
the
German
industry
with
revenues
of
€1bn
last
year
–
says
the
revised
loan
agreements
give
the
company
“greater
flexibility”.
Chief
financial
officer
Philipp
Koecke
told
investors:
“The
challenging
market
situation
in
the
solar
industry
increased
the
risk
of
SolarWorld
AG
during
the
second
quarter
[not
meeting]
its
financial
covenants.
“For
this
reason,
SolarWorld
AG
has
renegotiated
loan
agreements
amounting
to
€375m.
At
the
end
of
the
second
quarter,
we
had
liquid
funds
worth
€320m
at
our
disposal.
In
addition,
we
have
paid
off
over…
