Thu 03/04/2021 03:14 AM
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Relevant Documents:
Exchange Memorandum
Consent Solicitation Memorandum

Yida China is understood to have the support of at least one significant holder of its $224.9 million 14% senior notes due March 27, 2022 for the proposed consent solicitation to waive a March 8 put option and event of default related to a $200.8 million arbitrary award in exchange for early repayment of part of the notes, according to sources close to the matter.

The proposed terms were communicated to a few major...
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