SolarWorld AG i.I.
SolarWorld AG comes to preliminary agreement with major creditors of assignable loans (Schuldscheine) regarding essential economic principles for restructuring of financial liabilities
SolarWorld AG / Key word(s): Capital Reorganisation 30.04.2013 10:50 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc-Announcement according to § 15 WpHG April 30, 2013 Ad hoc-Service der SolarWorld AG (Securities Code No.: WKN 510 840) (International Securities Identification Number: ISIN DE0005108401) SolarWorld AG comes to preliminary agreement with major creditors of assignable loans (Schuldscheine) regarding essential economic principles for restructuring of financial liabilities SolarWorld AG came to a mutual understanding with creditors of assignable loans (Schuldscheine) representing about 80 percent of the outstanding assignable loans debt with regard to essential economic principles of a concept for restructuring SolarWorld's financial liabilities. This preliminary agreement is still subject to the approval of all committees. The plan will enable the company to reduce its noncurrent liabilities by approximately 60 percent. As a further component, a capital reduction of about 95 percent in combination with a capital increase against contribution in kind will be suggested to an extraordinary shareholders' meeting of SolarWorld AG. As part of the capital increase, a significant proportion of financial liabilities (about 60 percent) is to be discharged by a debt-to-equity-swap. In all material respects, the creditors of two bonds (ISIN XS0478864225 and ISIN XS0641270045) will receive treatment equal to that of the other non-secured financial creditors of the company. To take the bondholders' interests into account to the best possible extent, creditor meetings will be convened shortly to enable the bondholders to each appoint a joint agent. Bonn, April 30, 2013 SolarWorld AG Management Board Contact SolarWorld AG Investor Relations Phone: +49228/55920-470; Fax: +49228/55920-9470, Email: placement@solarworld.de; Internet: www.solarworld.de 30.04.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SolarWorld AG Martin-Luther-King-Straße 24 53175 Bonn Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: placement@solarworld.de Internet: www.solarworld.de ISIN: DE0005108401 WKN: 510840 Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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