Aug 6, 2013 - German solar products maker Solarworld (ETR:SWV) said today it had gotten further approval for its restructuring from the holders of its 2010/17 bond.
At their meeting today, the creditors voted in favour of the plan with a 99.8% majority.
The representation of bond capital at the meeting was 37.8%, with a minimum required rate of 25%.
With today's positive vote and yesterday's nod that Solarworld got from the 2011/16 bondholders, the company already has the approval of all of its creditors.
The last step is an approval from the company's shareholders meeting, scheduled for August 7. If Solarworld gets that, it will be free to put its plan into action.
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