合景泰富就境外债务重组方案的主要条款达成原则性协议

Core Viewpoint - The company has reached a principle agreement with a group of noteholders regarding a comprehensive offshore debt restructuring plan, which involves significant amounts of outstanding debt [1][4]. Group 1: Debt Restructuring Details - The restructuring plan involves the company's offshore debt, including $3.95 billion in senior notes, $380 million in syndicated loans, and $334 million in other loan financing [5]. - The group of noteholders collectively holds or controls over 25.8% of the total outstanding principal amount of the applicable debt [5]. Group 2: Options for Debt Holders - The restructuring plan offers two options for holders of applicable debt: - Option One: For every $100 of debt principal, $0.87 will convert to cash, $29 will convert to zero-coupon exchangeable notes, $20 will convert to zero-coupon mandatory convertible bonds (MCB), and the remaining principal amount will be written off [6]. - The maximum principal amount eligible for Option One is $1.38 billion [7]. - Option Two: 100% of the applicable debt principal held by creditors will convert to MCB, which can be voluntarily converted into new shares of the company at a conversion price of HKD 1.55 per share [7]. Group 3: Additional Measures - As part of the restructuring, the company will conduct a rights issue prior to the effective date of the restructuring, with proceeds intended to cover restructuring-related expenses [8].