Brief: Logan Group Proposes Options To Restructure Aggregate Offshore Debt Of $8,038 Mln

Logan

05/01/2025 23:59

Jan 6 (Reuters) - Logan Group Co Ltd  3380.HK :
    * AS AT DATE, AGGREGATE OUTSTANDING PRINCIPAL AMOUNT OF CO'S
TOTAL
OFFSHORE INDEBTEDNESS US$8,038 MILLION
    * ALSO INTENDS TO RESTRUCTURE ADDITIONAL OFFSHORE DEBT, OF
TOTAL
OUTSTANDING PRINCIPAL AMOUNT OF US$476 MILLION
    * HOLISTIC RESTRUCTURING PROPOSAL TO INVOLVE OFFSHORE DEBTS
OF CO
AND ITS UNITS WITH TOTAL OUTSTANDING PRINCIPAL AMOUNT OF
US$7,562 MLN
    * PRINCIPAL AMOUNT OF OFFSHORE DEBT EXCHANGED FOR SHORT TERM
NOTES
AND OPTION MCB UNDER OPTION SHALL BE CAPPED AT US$3,000 MLN
    * EVERY US$100 PRINCIPAL AMOUNT OF OFFSHORE DEBT TO BE
CONVERTED
INTO MANDATORY CONVERTIBLE BONDS, ALONG WITH OTHER OPTIONS


Further company coverage:  3380.HK 

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