Fri 01/26/2024 03:01 AM
UPDATE 10: 3:01 a.m. ET 1/26/2024: China South City has remitted funds to cure a missed coupon under its outstanding $287.2 million 9% notes due June 26, 2024, according to two sources familiar with the matter.
One holder of the due June notes told Reorg that the coupon payment was received as of Thursday night, Jan. 25.
As reported, the $12.9 million interest payment was originally due Dec. 26, 2023. Under the terms of the indenture, China South City has a 30-day grace period until...
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