Mon 08/24/2020 07:57 AM
Hong Kong-listed global entertainment, hospitality and cruise line operator Genting Hong Kong Ltd. announced to the Hong Kong stock exchange today (Aug. 24) that the first creditors’ meeting for the proposed restructuring would be held at 5:00 p.m. today (Aug. 24), in the form of a virtual meeting.
Genting HK states in the same announcement that Linklaters is now the legal adviser for the company in the proposed restructuring. As reported
, Genting HK had appointed PJT Partners as its financial advisor while Kirkland & Ellis had previously been named as the company’s legal advisor.
Genting HK further states in the announcement that where the board considers it to be in the best interest of all stakeholders, “the Board shall consider paying interest and charter payments as they fall due based on pre-existing terms” and bank fees amounting to approximately EUR 3.7 million in connection with the financing of the construction of certain ships has now been settled by the company.
Genting HK’s capital structure is given below:
Read our coverage of Genting HK HERE
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