LDK, which posted a net loss of $127m for the third quarter,its 10 straight quarterly deficit, simultaneously announced a follow-on“forbearance agreement” with a majority of holders of the bonds for which theChinese PV manufacturer skipped its interest payments in August.
This time the reprieve is only for two weeks, meaning theinterest payments are due again on 10 December.
LDK lost $165.3m during the second quarter of 2013, but its modestly improved third-quarter performancecomes amid a significant sweetening in global PV market dynamics.
Several
