Fri 04/21/2023 05:42 AM
UPDATE 1: 5:42 a.m. ET 4/21/2023: Dalian Wanda Group has told certain investors that lenders holding over one-third of its $1.3 billion offshore USD loans have agreed not to trigger a put option under the loans until Nov. 30, said two sources familiar with the matter citing the company.
The three loans’ original terms provided that if Wanda subsidiary Zhuhai Wanda Commercial Management Group did not successfully list in Hong Kong by May 8, lenders holding two-thirds of the loans have the...
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