LVGEM wins approval【亚洲 IFR Asia】
Author: CHINA LVGEM
LVGEM (China) Real Estate Investment has won approval from holders of 91% of its US$400m 8.75% August 2020 bonds for an amendment that will allow it to take on additional debt.
Holders of the 2020s who agreed to the changes will receive US$2.50 per US$1,000 in principal amount.
The property developer and investor was seeking additional flexibility to incur debt in pursuing new business opportunities and new sources of capital.
Nomura was consent solicitation agent and DF King was the information and tabulation agent.
https://www.ifre.com/story/1519192/lvgem-wins-approval-w4tgwzxftn
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