Thu 04/01/2021 03:01 AM
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Relevant Documents:
$150 million 6.875% Mar’24 Offering Memorandum ($150M OM)
$225 million 7.25% Jan’25 Offering Memorandum ($225M OM)

Vertically integrated textile manufacturer PT Sri Rejeki Isman Tbk’s (Sritex) unresolved extension of its $350 million syndicated loan, overdue bilateral payment of around $10 million, significant short-term maturities, and generally higher working capital intensity during the first half of the year could indicate that the company may seek some form of in-court...
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