Brief: Logan Group Updates On Offshore USD Denominated Senior Notes

Logan

23/08/2022 15:55

Aug 23 (Reuters) - Logan Group Co Ltd  3380.HK :
    * UPDATES ON OFFSHORE USD DENOMINATED SENIOR NOTES
    * GROUP HAS COMPLETED TIME EXTENSION FOR PAYMENT IN
CONNECTION
WITH 12 ONSHORE OPEN MARKET BONDS
    * EXPECTS THAT IT WILL NOT PAY PRINCIPAL AMOUNT DUE ON 25
AUG
UNDER 7.5% SENIOR NOTES DUE 2022
    * ALSO ENTERED INTO AN AGREEMENT FOR TIME EXTENSION FOR
PAYMENT
REGARDING AN OFFSHORE BORROWING
    * NON-PAYMENT FOR ABOVE-MENTIONED NOTES MAY LEAD TO
CREDITORS OF
CO TO ACCELERATE REPAYMENT
    * CO, FINANCIAL ADVISER WILL CONTINUE TO MAINTAIN AN ACTIVE
AND
CONTINUOUS COMMUNICATION AND DIALOGUE WITH ITS OFFSHORE
CREDITORS

Source text for Eikon:  ID:nHKS4DmjMm 
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