Suntech: Definitive moratorium on creditor claims
WUXI, China - Suntech Power Holdings Co., Ltd. announced that Suntech Power International Ltd. ("SPI"), its principal operating subsidiary in Europe, has been granted an extension of its definitive moratorium on creditor claims from the judicial authorities in Schaffhausen, Switzerland until June 19, 2014.
Previously on June 18, 2013, the Company announced that SPI had been granted a definitive moratorium for a six month period which may be extended thereafter.
The extension of the definitive moratorium allows SPI additional time to restructure its debt and reach an agreement with its creditors.
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) produces solar products for residential, commercial, industrial, and utility applications. Suntech has delivered more than 25,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are designed to drive solar to grid parity against fossil fuels. Suntech's mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.
Ryan Scott Ulrich
Public Relations and Investor Relations Director
Ph: +86 510 8531 8654
SOURCE: Suntech Power Holdings Co., Ltd.