HNA Ecotech further extends redemption of 8% notes, now March 26

New York, Jan. 25 – HNA Ecotech Panorama Cayman Co. Ltd. said it will again delay its planned redemption of its $105,638,000 of 8% senior secured notes due 2021 because the financing condition for the redemption has not been met.

The new redemption date is March 26, according to a notice from the issuer.

The company had previously planned to redeem the notes on Jan. 27 after extending the planned redemption from an original date of Nov. 28.

As before, the redemption is conditioned on the issuer having funds sufficient to redeem the notes.

The price will be 106% of par plus accrued interest up to but excluding the redemption date.

HNA Ecotech, formerly known as BCP (Singapore) VI Cayman Financing Co. Ltd., is a high-tech industry holding group based in the Cayman Islands.

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