BRIEF-Logan Group Gives Progress Of Holistic Restructuring

Reuters

27 Jan

BRIEF-Logan Group Gives Progress Of Holistic Restructuring

Jan 27 (Reuters) - Logan Group Co Ltd 3380.HK:

PROGRESS OF HOLISTIC RESTRUCTURING
GOT SUPPORT FROM OFFSHORE CREDITORS FOR HOLISTIC RESTRUCTURING PROPOSAL
CONSENTING CREDITORS HOLDING MORE THAN 66% OF PRINCIPAL AMOUNT OF PART OF CO'S OFFSHORE DEBT ACCEDED TO HOLISTIC CSA
CO'S OFFSHORE DEBT AMOUNT AMOUNTS TO US$6,207 MILLION WHICH INCLUDES EXISTING NOTES, ELS, EXISTING LOANS, OTHERS
OFFSHORE CREDITORS HOLDING MORE THAN 12% OF PART OF CO'S OFFSHORE DEBT INDICATED SUPPORT FOR HOLISTIC RESTRUCTURING PROPOSAL

Further company coverage: 3380.HK

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

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