HILONG (01623) announced progress on its proposed offshore debt restructuring for existing notes. The company has initiated a consent solicitation today targeting holders of its existing 9.75% priority secured notes due 2024. The solicitation aims to amend certain terms of the indenture governing the notes, originally dated May 18, 2021, between the company and The Bank of New York Mellon, London Branch (as trustee). The proposed amendments include extending the maturity date of the existing notes and implementing other modifications. The indenture was previously supplemented by the first supplemental indenture dated October 23, 2025, and may have been further amended or supplemented.
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