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宝龙地产与特别小组成员订立重组支持协议
Zhi Tong Cai Jing· 2025-10-12 22:48
Group 1 - The core viewpoint of the news is that the company, Baolong Real Estate, is actively engaging in constructive dialogue with its financial advisors and debt creditors to develop a comprehensive solution for addressing liquidity issues related to its planned debts since the previous restructuring plan expired in February 2025 [1] - As of October 10, 2025, the company entered into a restructuring support agreement with members of a special committee, representing approximately 31% of the total unpaid principal amount of the planned debts as of the date of the agreement [1] Group 2 - The key points of the overall solution framework include various options that can be selected and adjusted by the plan creditors, which are detailed in the restructuring support agreement [2] - The options consist of: 1. Cash financing through the pledge or sale of Baolong's commercial shares, raising a total of $40 million 2. Transfer of Baolong's commercial shares to plan creditors, not exceeding 32.4% of the total issued shares 3. Mandatory convertible bonds of convertible cost company shares 4. New medium-term notes 5. New long-term notes 6. New loans [2] - A cash consent fee of 0.15% will be applicable on the total principal amount of eligible participating debts held by participating creditors as of the consent fee deadline [2]
宝龙地产(01238)与特别小组成员订立重组支持协议
智通财经网· 2025-10-12 22:46
Group 1 - The core point of the article is that Baolong Real Estate (01238) is actively engaging in constructive dialogue with financial advisors and plan creditors to develop a comprehensive solution for addressing liquidity issues related to planned debts since the previous restructuring plan expired in February 2025 [1] - As of October 10, 2025, the company entered into a restructuring support agreement with members of a special group, representing approximately 31% of the total unpaid principal amount of planned debts as of the date of the agreement [1] - The framework of the overall solution includes various options for plan creditors, which may include cash raised through the pledge or sale of Baolong's commercial shares amounting to $40 million, transfer of commercial shares equivalent to no more than 32.4% of Baolong's outstanding shares, mandatory convertible bonds, new medium-term notes, new long-term notes, and new loans [1] Group 2 - A cash consent fee of 0.15% will be applicable on the eligible participating debt principal amount held by participating creditors as of the consent fee deadline [1]