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Debt Financing / Related, Bankruptcy / Related

Luckin Coffee Enters into Restructuring Support Agreement

Published: 03/16/2021 13:02 GMT
(LKNCY) - Luckin Coffee Enters Into Restructuring Support Agreement With Holders of a Majority of Existing Notes to Restructure Indebtedness and Enhance Capital Structure.
Luckin Coffee Inc - Noteholders Are Expected to Receive Approximately 91-96% of Par Value of Existing Notes.
Luckin Coffee Inc - Company Actively Pursuing Several Options to Achieve Certainty of Funding.
Luckin Coffee - Unaudited Consolidated Cash Balance, Excluding Restricted Cash and Illiquid Investments, Amounts to About $775 Million As of Feb 28, 2021.
Luckin Coffee - Presently Engaged in Exclusive Discussions for 30 Days With Credible Investor, to Raise at Least $250 Million of Equity Funding Through Private Placement.