Wed 01/19/2022 23:15 PM
China South City plans to launch a liability management exercise to extend its $348 million 11.5% notes due Feb. 12 for six months and its $346 million 10.875% notes due June 26 for four months via a proposed consent solicitation, according to two sources familiar with the matter.
Reorg’s
tear sheet analysis had earlier flagged a potential liability management exercise for the company’s due February 2022 notes and due June 2022 notes given that China South City had obtained support from its...
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