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. |
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