Logan (HKG:3380) could trim payouts to creditors based on a revised restructuring plan for its $8 billion offshore debt, Bloomberg News reported Friday, citing people familiar with the matter.

Allocations for cash payments to creditors will reduce to $100 million from $190 million in an earlier version of the restructuring plan, the report said.

The payout will stay at $15 for every $100 in principal but the smaller allocation would mean creditors would need to look for other payment options, according to Bloomberg, citing two sources.

A higher conversion price for mandatory convertible bonds from HK$3 for creditors is also being considered, the report said.

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