China’s Shandong Sanxing plans to restructure 7.99% notes due 2021

Chicago, March 15 – Shandong Sanxing Group Co. Ltd. has announced an update to its ongoing attempt to restructure its 7.99% senior notes due 2021, according to an announcement.

The notes were issued by subsidiary Knight Castle Investments Ltd.

The company has been seeking consents from creditors for its restructuring support agreement.

As of Monday, the company has received consents from noteholders representing 97.6% of the outstanding amount of notes.

Details on the restructuring support agreement can be found at https://sites.dfkingltd.com/sanxing.

Binzhou, China-based Shandong Sanxing processes and distributes edible oil products.

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