Yuzhou Group Holdings
12/31/2020 |
EBITDA Multiple |
||||
---|---|---|---|---|---|
(CNY in Millions) |
Amount |
US$ Amt. |
Maturity |
Rate |
Book |
|
|||||
Bank Loans & Other Borrowings 1 |
19,042.4 |
2,929.6 |
|
|
|
Total Bank Loans & Other Borrowings |
19,042.4 |
2,929.6 |
NM |
||
20 Haitian 1A |
750.0 |
115.4 |
Jul-14-2022 |
5.280% |
|
20 Haitian 1C |
53.0 |
8.2 |
Jul-14-2022 |
- |
|
20 Haitian 1B |
240.0 |
36.9 |
Jul-14-2022 |
6.000% |
|
Total Onshore ABNs |
1,043.0 |
160.5 |
NM |
||
18 Yuzhou 04 |
800.0 |
123.1 |
Sep-25-2021 |
5.980% |
|
18 Yuzhou 03 |
1,200.0 |
184.6 |
Sep-25-2021 |
5.980% |
|
18 Yuzhou 01 |
1,000.0 |
153.8 |
Aug-29-2021 |
5.980% |
|
19 Yuzhou 02 |
1,500.0 |
230.8 |
Apr-03-2024 |
7.500% |
|
19 Yuzhou 01 |
2,000.0 |
307.7 |
Apr-03-2024 |
6.500% |
|
20 Yuzhou 01 |
1,500.0 |
230.8 |
Jul-24-2025 |
6.500% |
|
20 Yuzhou 02 |
1,500.0 |
230.8 |
Sep-15-2025 |
6.500% |
|
Total Onshore Bonds |
9,500.0 |
1,461.5 |
NM |
||
$375M 6.375% USD Senior Bonds Due 2021 |
2,081.0 |
320.2 |
Apr-2021 |
6.375% |
|
$352M 7.900% USD Senior Bonds Due 2021 |
2,288.0 |
352.0 |
Apr-2021 |
7.900% |
|
$242M 8.625% USD Senior Bonds Due 2022 |
1,573.0 |
242.0 |
Dec-2021 |
8.625% |
|
$350M 6.000% USD Senior Bonds Due 2022 |
2,275.0 |
350.0 |
Dec-2021 |
6.000% |
|
$500M 8.500% USD Senior Bonds Due 2023 |
3,250.0 |
500.0 |
Jan-2023 |
8.500% |
|
$400M 6.000% USD Senior Bonds Due 2023 |
2,600.0 |
400.0 |
Sep-2023 |
6.000% |
|
$250M 6.000% USD Senior Bonds Due 2023 |
1,625.0 |
250.0 |
Sep-2023 |
6.000% |
|
$500M 8.500% USD Senior Bonds Due 2024 |
3,250.0 |
500.0 |
Jan-2024 |
8.500% |
|
$500M 8.375% USD Senior Bonds Due 2025 |
3,250.0 |
500.0 |
Sep-2024 |
8.375% |
|
$400M 7.7% USD Senior Bonds Due 2025 |
2,600.0 |
400.0 |
Jan-2025 |
7.700% |
|
$500M 8.300% USD Senior Bonds Due 2025 |
3,250.0 |
500.0 |
Apr-2025 |
8.300% |
|
$400M 7.700% USD Senior Bonds Due 2025 |
2,600.0 |
400.0 |
Jan-2025 |
7.700% |
|
$40M 7.500% USD Senior Bonds Due 2021 |
- |
- |
Dec-2020 |
7.500% |
|
$645M 7.375% USD Senior Bonds Due 2026 |
4,192.0 |
644.9 |
Dec-2025 |
7.375% |
|
$300M 7.875% USD Senior Bonds Due 2026 |
1,950.0 |
300.0 |
Jul-2026 |
7.875% |
|
$562M 6.35% USD Senior Bonds Due 2027 |
3,653.0 |
562.0 |
Dec-2026 |
6.350% |
|
Total Offshore Bonds |
40,437.0 |
6,221.1 |
NM |
||
$300M 5.375% Perpetual Notes |
1,950.0 |
300.0 |
|
5.375% |
|
Total Offshore Perpetuals |
1,950.0 |
300.0 |
NM |
||
Total Debt |
71,972.4 |
11,072.7 |
NM |
||
Less: Cash and Equivalents |
(37,816.8) |
(5,818.0) |
|||
Plus: Restricted Cash |
2,743.2 |
422.0 |
|||
Net Debt |
36,898.8 |
5,676.7 |
NM |
||
Operating Metrics |
US$ Amt. |
||||
LTM Reorg EBITDA |
(987.5) |
(151.9) |
|||
|
|||||
Liquidity |
|||||
Plus: Cash and Equivalents |
37,816.8 |
5,818.0 |
|||
Less: Restricted Cash |
(2,743.2) |
(422.0) |
|||
Total Liquidity |
35,073.6 |
5,395.9 |
|||
Credit Metrics |
|||||
Gross Leverage |
NM |
||||
Net Leverage |
NM |
||||
Notes: Sources: Company filings, Wind, Reorg 1. Excluding onshore ABNs issued by property management subsidiary US$ Translation: CNY/USD rate used for USD conversion is 6.5. |
Weekly highlights from our global intel and expert analysis