Thu 11/03/2022 00:16 AM
UPDATE 2: 12:16 a.m. ET 11/3/2022: Holders of Greenland Holdings’ USD notes are displeased with the company’s extension proposal under a consent solicitation launched on Monday, Oct. 31, and are attempting to push back by coordinating a blocking stake in at least one of the nine bond series, according to two sources familiar with the matter.
The holders took issue with the company offering only a 5% upfront payment, compared with a 10% upfront payment when Greenland
extended in May the...
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