The forbearanceagreement with “a majority” of holders of its US dollar-settled 10% 2014 seniornotes extends to 27 October payments due on 26 August.
LDK, which recentlyhired investment bank Jefferies to advise it on strategy over its offshore debts,said it hopes “the forbearance arrangement is the first step in achieving aconsensual solution to its obligations under the notes.
“ It is LDK Solar'sintention to find a consensual solution as soon as possible,” the company toldits investors.
LDK
