Brief: Logan Group Gives Progress Of Holistic Restructuring

Logan

27/01/2025 15:20

Jan 27 (Reuters) - Logan Group Co Ltd  3380.HK :
    * PROGRESS OF HOLISTIC RESTRUCTURING
    * GOT SUPPORT FROM OFFSHORE CREDITORS FOR HOLISTIC
RESTRUCTURING
PROPOSAL
    * CONSENTING CREDITORS HOLDING MORE THAN 66% OF PRINCIPAL
AMOUNT
OF PART OF CO'S OFFSHORE DEBT ACCEDED TO HOLISTIC CSA
    * CO'S OFFSHORE DEBT AMOUNT AMOUNTS TO US$6,207 MILLION
WHICH
INCLUDES EXISTING NOTES, ELS, EXISTING LOANS, OTHERS
    * OFFSHORE CREDITORS HOLDING MORE THAN 12% OF PART OF CO'S
OFFSHORE DEBT INDICATED SUPPORT FOR HOLISTIC RESTRUCTURING
PROPOSAL

Further company coverage:  3380.HK 

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