Road King Infrastructure (HK:1098) has released an update.
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Road King Infrastructure Limited announces tender offers for the purchase of various guaranteed senior notes with maturities ranging from 2024 to 2026, alongside consent solicitations, as part of their strategy to extend debt maturities and enhance the company’s financial stance. The offers are capped at a total cash amount of $60 million, with intentions to fairly allocate any residual funds towards the redemption of outstanding notes. This voluntary financial maneuver aims to benefit all stakeholders and is expected to complete around August 15, 2024.
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