SolarWorld updates bondholders

Bondholders of near-bankrupt German PV group SolarWorld are meeting today and tomorrow in Bonn, the company said.

SolarWorld’s board will inform creditors of bonds maturing in 2016 and in 2017 of the state of its restructuring process, but the company does not expect any decisions to emerge from the meeting.

Bondholders representing at least half of the outstanding bonds need to be present at the meeting for it to be able to take any decision, otherwise SolarWorld will call for another meeting of creditors.

A company press official had no comment on reports in Germany’s Süddeutsche Zeitung today that SolarWorld’s partner Qatar Solar Technologies could take up to 20% in the embattled German PV company.

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