---
title: "Hilong Wins Overwhelming Noteholder Support for US$317 Million Debt Restructuring"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274696881.md"
description: "Hilong Holding Ltd. has received consent from 96.28% of its noteholders to restructure US$317 million in debt, extending the maturity of its 9.75% senior secured notes to February 5, 2030. The restructuring includes a consent fee and an upfront cash distribution of US$49.7 million. This move alleviates near-term refinancing pressures and enhances the company's debt profile visibility. The latest analyst rating for Hilong's stock is a Hold with a price target of HK$0.23."
datetime: "2026-02-03T15:08:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274696881.md)
  - [en](https://longbridge.com/en/news/274696881.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274696881.md)
---

# Hilong Wins Overwhelming Noteholder Support for US$317 Million Debt Restructuring

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Hilong Holding Ltd. ( (HK:1623) ) has issued an update.

Hilong Holding Limited has secured consents from holders of 96.28% of its 9.75% senior secured notes due 2024 to proceed with an offshore debt restructuring that extends the notes’ maturity to 5 February 2030 and introduces other economic changes. The company will pay a small consent fee and distribute an upfront cash consideration of US$49.7 million on a pro rata basis as part of the restructuring, while rolling principal plus accrued interest (net of the cash payout) into amended and restated notes totalling about US$317.4 million, with semi-annual interest payments beginning in August 2026; the transaction, expected to become effective on 5 February 2026, materially eases near-term refinancing pressure and provides greater visibility over the group’s debt profile.

The most recent analyst rating on (HK:1623) stock is a Hold with a HK$0.23 price target. To see the full list of analyst forecasts on Hilong Holding Ltd. stock, see the HK:1623 Stock Forecast page.

**More about Hilong Holding Ltd.**

Hilong Holding Limited is an oilfield services and equipment provider incorporated in the Cayman Islands and listed in Hong Kong, with operations conducted through its subsidiaries. The group focuses on supplying drilling-related products and services to the energy sector and has funded part of its operations through offshore U.S. dollar senior secured notes.

**Average Trading Volume:** 1,138,148

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$397M

For a thorough assessment of 1623 stock, go to TipRanks’ Stock Analysis page.

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