China’s Sunac reaches deal with key creditors on offshore debt revamp plan

Sunac China Seeks $9.55 billion Debt-for-Equity Swap as Liquidation Deadline Looms

Sunac China Seeks $9.55 billion Debt-for-Equity Swap as Liquidation Deadline Looms - The developer is also launching an employee retention plan with around 500 core workers receiving shares

China’s Sunac reaches deal with key creditors on offshore debt revamp plan

Two groups of creditors, holding about 26 per cent of Sunac’s existing debt, could choose to receive two types of mandatory convertible bonds.

Sunac China Unveils New Offshore Debt Restructuring Plan - Entire $9.55 Bn Debt to Be Converted into Equity - YT FINANCE

Property developer Sunac China Holdings (01918.HK) announced that it has reached an agreement with several key creditors on a new offshore debt restructuring plan.