BRIEF-Sunac China Reaches Agreement With Certain Major Creditors On Offshore Debt Restructuring Plan

Reuters
04-17
BRIEF-Sunac China Reaches Agreement With Certain Major Creditors On Offshore Debt Restructuring Plan

April 17 (Reuters) - Sunac China Holdings Ltd 1918.HK:

  • REACHED AGREEMENT WITH CERTAIN MAJOR CREDITORS IN RESPECT OF OFFSHORE DEBT RESTRUCTURING PLAN

  • INITIAL CONSENTING CREDITORS HOLDING APPROXIMATELY US$1.3 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF DEBT HAVE SIGNED RSA

  • COMPANY IS AWARE THAT CREDITORS HOLDING MORE THAN US$1 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF DEBT HAVE EXPRESSED SUPPORT TO RESTRUCTURING PLAN

  • SCOPE OF RESTRUCTURING INCLUDES OFFSHORE DEBTS WITH DEBT CLAIMS OF US$9.55 BILLION IN AGGREGATE AS OF 30 JUNE 2025

Further company coverage: 1918.HK

((Reuters.Briefs@thomsonreuters.com;))

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