Home Must Reads SolarWorld reaches agreement with creditors

SolarWorld reaches agreement with creditors

| Print |  Email
Must Reads
Tuesday, April 30, 2013

SolarWorld AG reached an agreement with its major creditors to help alleviate some recent fiscal issues.

Solarworld will propose a capital reduction of about 95 percent, combined with a capital increase against contribution in kind to an extraordinary shareholders meeting, the Bonn-based company said today in a statement today. The preliminary deal was struck with creditors representing about 80 percent of loans, it said.

“For the company and employees it’s good news that a solution has been found for at least a part of its debt pie,” Stefan Freudenreich, an analyst at Equinet Bank AG in Frankfurt, said by phone. “For current equity holders it’s bad news as they will lose almost everything.”

Read more at Bloomberg.

{biztweet}solarworld{/biztweet}

 

More Articles

Molecular Movies

September 2014
Wednesday, August 27, 2014
BY LINDA BAKER

Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together. 


Read more...

Back to School

September 2014
Wednesday, August 27, 2014
BY LEE VAN DER VOO

By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...

The 100 Best Nonprofits to Work for in Oregon 2014

October 2014
Thursday, September 25, 2014
14BY KIM MOORE

Proud, diverse and underpaid.

Pride in their organizations’ mission, fairness in the treatment of women and ethnic minorities, flexible work schedules — these are just a handful of workplace characteristics that employees of this year’s 100 Best Nonprofits appreciate about their organizations.


Read more...

November/December Preview: Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Innovation: a critique

News
Wednesday, October 08, 2014
1008 innovation thumbBY LINDA BAKER | OB EDITOR

A Design Week panel discussion raises questions about how innovative we really are.


Read more...

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS