Brief: Ascent Solar won't make Oct 19 payment to retire $2.4 mln portion of outstanding notes
09/10/2015 13:34
Oct 9 (Reuters) - Ascent Solar Technologies Inc ASTI.O : * On October 8, 2015, co, institutional investor entered into amendment no. 1 to the cancellation agreement * Says company will not make the October 19 payment to retire the $2.4 million portion of the outstanding notes * Begun activities related to securing additional financing that would be provide funds sufficient to pay December 20 payment * Says an approximate $3.5 million portion of the currently outstanding notes has been reinstated * Has agreed instead to make payment of $2.8 million on December 20, 2015 in order to retire a $2.8 million amount of currently outstanding notes * $3.5 million portion of outstanding notes shall remain outstanding with all its current and existing rights and terms including * Source text for Eikon ID:nEOL6VbBm5 * Further company coverage ASTI.O ((Bengaluru Newsroom; +1 646 223 8780))