HNA Ecotech extends redemption of 8% notes due 2021 to Jan. 27

By Wendy Van Sickle

Columbus, Ohio, Nov. 27 – HNA Ecotech Panorama Cayman Co. Ltd. said it will delay its planned redemption of its $105,638,000 of 8% senior secured notes due 2021, because the financing condition for the redemption has not been met.

The company now plans to redeem the notes on Jan. 27, according to a notice.

On Sept. 29, the company had said it planned to redeem the notes on Nov. 28.

As before, the redemption is conditioned on the issuer having funds sufficient to redeem the notes.

The price will be 106% of par plus accrued interest up to but excluding the redemption date.

HNA Ecotech, formerly known as BCP (Singapore) VI Cayman Financing Co. Ltd., is a high-tech industry holding group based in the Cayman Islands.

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