Evergrande Prepares Restructuring Agreement for End of March
(Bloomberg) — China Evergrande Group, the world’s most indebted developer, said it expects that a restructuring support agreement will be ready by the end of March after it won preliminary support from a group of major creditors.
Evergrande said during a Hong Kong court hearing Monday that creditors will get access to term sheets as early as Wednesday. The progress allowed for adjournment of the case to July 31.
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