Scheme of Arrangement - Corporate Debt Restructuring::Payment of Redemption Amount and Cancellation of Notes

Issuer & Securities

Issuer/ Manager
YESTAR HEALTHCARE HOLDINGS COMPANY LIMITED
Securities
YESTUS$197.864523M9.5%N261230A - XS2407822357 - NIMB
YESTUS$197.864523M9.5%N261230R - XS2407822274 - NVBB
YESTUS$197.864523M9.5%N261230D - XS2407823249 - IJAB
Stapled Security
No

Announcement Details

Announcement Title
Scheme of Arrangement - Corporate Debt Restructuring
Date &Time of Broadcast
14-Mar-2024 17:15:09
Status
New
Announcement Sub Title
Payment of Redemption Amount and Cancellation of Notes
Announcement Reference
SG240314OTHR76V8
Submitted By (Co./ Ind. Name)
Wang Hong
Designation
Director
Effective Date and Time of the event
14/03/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
On 28 February 2024, the Grand Court of the Cayman Islands sanctioned the scheme of arrangement (the Scheme ) promulgated by the Yestar Healthcare Holdings Company Limited (the Issuer ) pursuant to which, amongst other things, the Issuer has agreed to pay an amount of US$60,500,000 (less certain costs and expenses) (the Redemption Amount ) to the holders of the up to US$197,864,523 9.5% senior notes due in 2026. The Scheme contemplates settlement of the Redemption Amount via the clearing systems. On 14 March 2024, the Issuer effected payment of the Redemption Amount in accordance with the terms of the Scheme.

Attachments

E RED.pdf
Total size =113K