LDK Solar: Senior notes, preferreds scheme transactions close Dec. 17

By Caroline Salls

Pittsburgh, Dec. 18 – LDK Solar Co., Ltd. said the closing date of restructuring transactions for senior noteholders and preferred shareholders under its schemes of arrangement in the Cayman Islands and Hong Kong was Dec. 17.

According to a news release, the Cayman schemes apply to LDK Solar and LDK Silicon & Chemical Technology Co., Ltd., and the Hong Kong schemes apply to LDK Solar, LDK Silicon and LDK Silicon Holding Co., Ltd.

As previously reported, the schemes took effect on Dec. 10.

LDK Solar is a manufacturer of photovoltaic products and is based in Xinyu City, China. The company made a Chapter 15 bankruptcy filing on Oct. 21 under case number 14-12387. LDK’s U.S. subsidiaries’ Chapter 11 case number is 14-12384.

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