FilingReader Intelligence

Logan Group nears debt restructuring milestone

February 27, 2025 at 05:04 PM UTCBy FilingReader AI

Logan Group Company Limited (HKEX:3380) announced significant progress in its holistic restructuring efforts. As of February 27, 2025, over 80.8% of consenting creditors, representing over $6.2 billion of the company's offshore debt, have acceded to the Holistic Creditor Support Agreement (CSA). The offshore debt includes the Existing Notes, ELS, Existing Loans, and the Structured Finance and Guaranteed Debts. The company expressed gratitude to its creditors for their support and said it is striving to implement the restructuring proposal. The General CSA Fee Deadline has now expired. Logan Group is encouraging offshore creditors who have not yet acceded to the Holistic CSA to do so, with Kroll Issuer Services Limited acting as information agent. The restructuring will primarily be implemented through a scheme.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:3380Hong Kong Exchange

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