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Published on 10/1/2021 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Indonesia’s Sri Rejeki Isman unit financial update available to holders of 6 7/8% notes

By Wendy Van Sickle

Columbus, Ohio, Oct. 1 – Indonesia’s Golden Legacy Pte. has completed the preparation of its second periodic financial update as ordered by the General Division of the High Court of Singapore, according to a letter to holders of its $150 million of 6 7/8% notes due 2024 guaranteed by PT Sri Rejeki Isman Tbk. (Cusips: 38109KAC9, Y2749KAC4).

Holders who wish to access the update should send a certified copy of their proof of holding from the clearing systems where the Golden Legacy notes are held in book-entry form and a list of representatives authorized to have access to the update along with their email addresses to Sritex Group’s international restructuring counsel, Gibson, Dunn & Crutcher LLP at sritex@gibsondunn.com.

The update comprises management accounts of the company as at June 30, including its statement of financial position and statement of comprehensive income as well as management’s current forecast of the company’s financial position for the financial quarter ending in December.

The company is an Indonesian manufacturer of textiles.


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