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Sritex invites noteholders to presentation of restructuring plan
By Marisa Wong
Los Angeles, Nov. 8 – Indonesia’s PT Sri Rejeki Isman Tbk. (Sritex) issued a notice to noteholders regarding a presentation of a restructuring plan.
Specifically, holders are invited to attend a presentation on Nov. 12 of a revised PKPU composition plan to the creditors in Sritex’s PKPU proceeding.
The invitation is being extended to holders of Sritex’s $225 million 7¼% senior notes due 2025 (ISINs: US69408LAB27, USY714AGAB82) and the $150 million 6 7/8% senior notes due 2024 (ISINs: US38109KAC99, USY2749KAC46) issued by subsidiary Golden Legacy Pte. Ltd. and guaranteed by Sritex.
Holders should direct any questions to Sritex’s international restructuring advisor, PT AJCapitial Advisory (geoff.simms@ajcapital.co.id, fransiscus.alip@ajcapital.co.id), and international legal counsel, Gibson, Dunn & Crutcher LLP (sritex@gibsondunn.com).
Sritex is an Indonesian textile manufacturer.
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