Thu 04/14/2022 05:08 AM
Relevant Document:
$197M 9.5% Due 2026 Notes Explanatory Statement
Reorg Asia’s Highlights:
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Mandatory redemption provision under Yestar’s $197.9 million 9.5% senior secured notes due 2026 (Exchange Notes) likely to be triggered if proposed new equity issuance to Getein Biotech is consummated; and
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Assuming Yestar is able to raise $127.7 million through the proposed equity offering, the company could extinguish $66.7 million in principal amount of the Exchange Notes through...
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