Brief: Glory Land Co Was Able To Refinance 2022 Notes Via A Successful Exchange Offer

Glory Health Industry

09/03/2022 12:09

March 9 (Reuters) - Glory Land Company Ltd  2329.HK :
    * WAS ABLE TO REFINANCE 2022 NOTES VIA A SUCCESSFUL EXCHANGE
OFFER
    * WITH RESPECT TO REMAINING OUTSTANDING 13.5% SENIOR NOTES
DUE
2022 IN AMOUNT OF $4.9 MILLION, IS ACTIVELY IDENTIFYING ITS
INVESTORS
    * AMOUNT OF NON-PAYMENT OF 2022 NOTES ALONE IS LESS THAN
THRESHOLDS OF CROSS-DEFAULT PROVISIONS OF CO'S OTHER OFFSHORE
OUTSTANDING BONDS
    * CROSS-DEFAULT PROVISIONS UNDER OTHER OFFSHORE BONDS OF
COMPANY
HAS NOT BEEN TRIGGERED AS A RESULT

Further company coverage:  2329.HK 

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