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Published on 5/20/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China’s Hilong successfully restructures 8¼% notes due 2022

Chicago, May 20 – China’s Hilong Holding Ltd. announced that its $200 million 8¼% senior notes due 2022 (ISIN: XS2016067303, XS1628314889) have been canceled, according to a document from a market source.

On May 18, the company issued new notes (ISINs: XS2344082917, XS2344083139).

The bar date, which is the final deadline for submission to the holding period trustee of duly completed documentation necessary to receive the scheme consideration during the holding period in accordance with the terms of the scheme, will be Oct. 25.

The holding period will expire on Nov. 14.

The company announced in March that it was seeking to restructure two series of notes.

Morrow Sodali has been handling the transaction, and more details can be found by contacting them (+852 2319 4130, +44 20 8089 3287, hilong@investor.morrowsodali.com, https://bonds.morrowsodali.com/hilong, https://portal.morrowsodali.com/hilong).

Hilong is an integrated oilfield equipment and service provider based in Hong Kong.


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