Q-Cells SE : Q-Cells and LDK Solar: early loan repayment and adjustment of the solar wafer supply contract

Q-Cells SE / Q-Cells and LDK Solar: early loan repayment and adjustment of the solar wafer supply contract processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.  Bitterfeld-Wolfen  (Germany),  20  September  2010:  Q-Cells  SE  (QCE;   ISIN  DE0005558662) has reached an agreement with  the Chinese company LDK Solar  to  repay the loan extended to LDK Solar  by Q-Cells in 2008 early (originally  an  advance payment for raw  material supplies) and to  adjust the existing  solar  wafer supply  contract.  The  early  repayment of  the  loan  will  strengthen  Q-Cells' liquidity  position and  is a  major step  forward in  the long  term  financing of  the  company. Q-Cells  has  two outstanding  convertible  bonds.  Repayment of €492.5 million for the first of these is due in February 2012.    LDK Solar will repay  the loan granted by  Q-Cells, which currently stands  at  USD 224.9 million  (ca. €170 million),  in its  entirety by the  end of  2011.  Payments of USD  195.0 million  (ca. €150 million)  from LDK  Solar have  been  agreed until  the  end  of  2010.  An initial  payment  of  USD  56.2  million  (approximately €44 million) has already  been made. Previously, the  repayment  schedule envisaged staged  repayment up  to the end  of 2015.  In return,  the  existing bank  guarantee, with  which  the Q-Cells  loan  is secured  will  be  reduced in stages and replaced by other collateral.    At the same time, both parties  reached agreement on adjusting the prices  for  the existing  supply  contract  for  solar wafers.  In  addition  until  2018,  flexible prices will continue  to apply for the  entire term of the  contract.  These will be in line with the market price, and be determined on a  quarterly  basis.    For more information please contact:  Q-Cells SE OT Thalheim Sonnenallee 17 - 21 06766 Bitterfeld-Wolfen      Investor Relations: Stefan Lissner Tel.: +49 - (0)3494 - 6699 10101 investor@q-cells.com    Corporate Communications: Ina von Spies Tel.: +49 - (0)3494 - 6699 10121 presse@q-cells.com  HUG#1445256  --- End of Message ---  Q-Cells SE OT Thalheim, Sonnenallee 17-21 Bitterfeld-Wolfen Germany  WKN: 555866;ISIN: DE0005558662;Index:TecDAX,Prime All Share,CDAX,GEX; Listed: Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Bayerische Börse München, Prime Standard in Frankfurter Wertpapierbörse, Regulierter Markt in Frankfurter Wertpapierbörse;  
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