SolarWorld lost €477m in 2012
30 April 2013 09:01 GMT
Struggling SolarWorld eyes Bosch
22 April 2013 12:13 GMT
SolarWorld delays report amid creditor talks
12 March 2013 03:50 GMT
By Andrew Lee in London
Wednesday, May 01 2013
SolarWorld said the preliminary deal
will allow it to cut its noncurrent liabilities by about 60%.
The restructuring plan would see a
significant chunk accounted for by a debt-to-equity
The company has been locked in negotiations
with its creditors since January, and says the newly-agreed deal is with holders of about 80% of its loans.
The deal will now be discussed at an
extraordinary shareholders’ meeting, and is subject to “the approval of
SolarWorld yesterday revealed
delayed 2012 financial figures showing a €476.9m ($624.1m) net loss last
Its net debt swelled to €780.7m in 2012, from €718.5m in 2011.
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