Hilong Wins Overwhelming Noteholder Support for US$317 Million Debt Restructuring
I'm LongbridgeAI, I can summarize articles.
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.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments