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Abengoa skips 8 7/8% and 7¾% senior notes payments amid negotiations
By Caroline Salls
Pittsburgh, Sept. 9 – Abengoa, SA did not make the payment due in September on Abengoa Finance, SAU’s €550 million of 8 7/8% senior notes due 2018, according to notices released Friday.
In addition, Abengoa did not make the payment due in August on Abengoa Finance’s $450 million of 7¾% senior notes due 2020.
As previously reported, Abengoa is in negotiations with its financial creditors, and the company and the creditors entered into a standstill agreement.
Abengoa is an industrial and technology group based in Seville, Spain. It filed bankruptcy on March 28 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 15 case number 16-10754.
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