Sidley Austin is acting as counsel to LDK Solar, led by
Thomas Albrecht at
email@example.com , and
Timothy Li at
firstname.lastname@example.org . LDK Solar understands that Ropes & Gray is acting as counsel to a group of noteholders, led by
Daniel Anderson (
email@example.com ) and
Paul Boltz (
firstname.lastname@example.org ). LDK Solar also understands that
Houlihan Lokey has been engaged as financial advisor to that same group of noteholders; holders of the Notes may contact
Brandon Gale at
email@example.com with any questions.
XINYU CITY, China and SUNNYVALE, Calif., Feb. 13, 2014 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar"; NYSE: LDK) announced that it has entered into a new 14-day forbearance arrangement with holders of a majority in aggregate principal amount of its US$-Settled 10% Senior Notes due 2014 (the "Notes"). The new forbearance arrangement, which expires on February 27, 2014, relates to the interest payment due under the Notes on August 28, 2013. That interest payment is still unpaid. It is LDK Solar's intention to find a consensual solution to its obligations under the Notes as soon as possible and LDK Solar remains hopeful that it will be able to achieve that goal. As reported previously, LDK Solar has engaged Jefferies LLC as a financial advisor for strategic advice in connection with the Notes and LDK Solar's other offshore obligations. Holders of LDK Solar's offshore debt obligations may contact Augusto King at aking@Jefferies.com , or Steven Strom at sstrom@Jefferies.com , Lyndon Norley at lyndon.norley@Jefferies.com , or Richard Klein at rklein@Jefferies.com with any questions.
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