Tue 10/26/2021 06:08 AM
Deloitte, financial advisor to the bilateral lenders of PT Sri Rejeki Isman Tbk (Sritex), presented an updated draft debt restructuring proposal from the company today, Oct. 26, which included materially improved terms from the
initial proposal for a 15-year term out, with Sritex now offering existing creditors to swap their debt into a seven-year senior secured revolving working capital facility, a nine-year secured term loan, a mandatory convertible loan (MCL) and an unsecured term loan,...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.