Reuters: Bankruptcy News: Suntech lenders agree to defer $541 mln bond repayment again

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Suntech lenders agree to defer $541 mln bond repayment again May 15th 2013, 12:19 Wed May 15, 2013 8:19am EDT May 15 (Reuters) - China-based solar panel maker Suntech Power Holdings Co Ltd, whose main unit is in insolvency proceedings, said it reached an agreement with some lenders to further defer its obligations on a $541 million loan. Suntech defaulted on the principal payment on the 3 percent convertible notes on March 15. The company earlier that month reached a deal with 60 percent of the note holders to defer payments until May 15. Under the agreement disclosed on Wednesday, the signing bondholders have agreed not to exercise their rights until June 28.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions