LDK Solar's continued lack of finances for offshore business transactions has forced the struggling company to enter into a new 30-day forbearance arrangement with bondholders after being unable to pay interest on the loan.
The company had previously made a partial default on the loan and has been forced to defer interest repayments on two separate occasions.
The new forbearance arrangement lasts through to 9 January 2014 and is relation to the interest payment due under the Notes from 28 August 2013.
The company said again that it was seeking a consensual solution to the problem, without providing further details.
LDK Solar recently secured strict bank financing related only to its manufacturing operations in China.