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花樣年(01777.HK)境外債重組 擬債轉股涉13億美元 另發八個系列新美元票據
阿思達克 01-16 10:07
花樣年(01777.HK)公布,已與其發行本金總額為40.18億美元的美元計值優先票據的若干主要持有人取得進展。建議重組預期將使公司13億美元的總計息及債務性質負債股權化,相當於公司境外債務大量去槓桿化。 公司指出,作為建議重組的其中一環,債權人亦將獲得8個系列的新美元計值票據,到期日為2024年12月至2029年6月。於初始的實物支付期後,新票據的現金利率將介乎5至8厘。新票據將就境內項目出售所得款項淨額設立現金清繳機制。公司已確定日後有意出售的若干項目。建議重組設想,該等出售所得款項淨額的40%將用於新票據的現金清繳。 於建議重組後,公司境外債務的到期期限將由2022年12月延長2至6.5年,概無境外債務的到期日早於2024年12月。於上周五(13日)公司與現有票據未償還本金總額約24.5%之債券持有人小組簽署重組支持協議。 此外,於去年11月30日,集團的境外計息及債務性質負債總額約為42億美元;及境內計息及債務性質負債不多於400億元人民幣。 公司預期,假設中國房地產行業的市場環境恢復正常,則公司能夠維持正常業務營運及項目層面能夠獲得新融資,估計2023至2030年現有項目的無槓桿自由現金流將為每年-9億至160億元人民幣。2023至2030年期間現有項目的累計無槓桿自由現金流總額估計約為400億至700億元人民幣。於2023至2025年出售集團項目的出售所得款項淨額預計合計為50億至70億元人民幣,此乃基於合理商業假設得出,但或會視乎市況而變化。 公司股份自去年4月1日起停牌,並將續停牌至另行通知為止。
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