Brief: Sunkwan Properties Says Conducting Offer To Exchange For At Least Us$189 Million Of Exchange Notes

Sunkwan Properties

08/07/2022 02:28

July 8 (Reuters) - Sunkwan Properties  6900.HK :
    * CONDUCTING OFFER TO EXCHANGE FOR AT LEAST US$189 MILLION
IN
OUTSTANDING PRINCIPAL AMOUNT OF EXCHANGE NOTES
    * SEEKING CONSENTS FROM HOLDERS OF CONSENT NOTES TO CERTAIN
PROPOSED AMENDMENTS TO INDENTURE DATED AS OF JAN 3
    * CONSENT SOLICITATION TO AMEND EVENTS OF DEFAULT PROVISION
IN
CONSENT NOTES INDENTURE TO CARVE OUT ANY DEFAULT OR EVENT OF
DEFAULT
    * EXCHANGE OFFER TO IMPROVE CO’S OVERALL FINANCIAL
CONDITION,
EXTEND CO'S DEBT MATURITY PROFILE, AMONG OTHERS
    * CONSENT SOLICITATION REGARDING 13.5% SENIOR NOTES DUE 2023
    * EXCHANGE OFFERING FOR EXCHANGE NOTES HELD BY NON-US
PERSONS
OUTSIDE UNITED STATES

Source text for Eikon:  ID:nHKS4HMCQf 
Further company coverage:  6900.HK 

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