LDK Solar wins Chapter 11 case closure following plan implementation

By Caroline Salls

Pittsburgh, Feb. 18 – LDK Solar Systems, Inc.’s Chapter 11 case was closed in a final decree filed Wednesday by the U.S. Bankruptcy Court for the District of Delaware.

The company said its joint pre-packaged plan of reorganization took effect on Dec. 11. The plan was confirmed on Nov. 21.

Given its progress in implementing the plan since the effective date, including cancelling senior notes and making distributions on senior notes guarantee claims, LDK said the cases should be closed.

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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