Abengoa misses July payment on 6.25% senior convertibles

By Caroline Salls

Pittsburgh, Aug. 18 – Abengoa, SA did not make the payment due in August on its €250 million of 4.5% senior unsecured convertible notes due 2017, according to a news release.

As previously reported, the company is in negotiations with its financial creditors, and a standstill was entered with the creditors.

Abengoa is an industrial and technology group based in Seville, Spain. It filed bankruptcy on March 28 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 15 case number 16-10754.

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