Hilong Completes Offshore Restructuring of 9.75% Senior Secured Notes

Hilong Holding Ltd. ( (HK:1623) ) has issued an update.

Hilong Holding Limited has completed the offshore restructuring of its 9.75% senior secured notes due 2024, announcing that the restructuring effective date occurred on 5 February 2026. The company has paid a consent fee to participating noteholders, distributed approximately US$49.7 million in upfront cash consideration on a pro rata basis, executed supplemental indentures to amend and restate both the original indenture and the notes, and issued about US$2.9 million in aggregate principal amount of amended and restated notes. The completion of this consent‑driven restructuring eases Hilong’s near‑term refinancing pressure, clarifies its offshore debt profile and capital structure, and may support financial stability and stakeholder confidence as the group continues to navigate a challenging operating and financing environment.

The most recent analyst rating on (HK:1623) stock is a Hold with a HK$0.22 price target. To see the full list of analyst forecasts on Hilong Holding Ltd. stock, see the HK:1623 Stock Forecast page.

More about Hilong Holding Ltd.

Hilong Holding Limited is a Cayman Islands–incorporated company listed in Hong Kong, operating through a group structure and active in the oilfield services and related equipment sector, financing its operations in part through offshore U.S. dollar senior secured notes issued to international investors.

Average Trading Volume: 999,886

Technical Sentiment Signal: Buy

Current Market Cap: HK$386.8M

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