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Debt Financing / Related, Products, Restructuring / Reorganization

Luckin Coffee Announces Launch Of Scheme Of Arrangement In Compliance With RSA

Published: 09/21/2021 11:42 GMT
(LKNCY) - Luckin Coffee Announces Launch of Scheme of Arrangement in Compliance With Rsa.
Luckin Coffee - Filed a Petition & Summons for Directions Regarding a Scheme Related to Restructuring of $460 Million 0.75% Convertible Senior Notes Due 2025.
Luckin Coffee - Based on Latest Holdings Reported to Co, Amount of Existing Notes Held by Noteholders Party to Rsa is Above Voting Threshold of 75%.
Luckin Coffee Inc - Scheme, If Sanctioned, Will Implement Restructuring Envisaged by Restructuring Support Agreement Dated As of March 16, 2021.
Luckin Coffee Inc - Seeks an Order for Convening of a Single Meeting of Class of Creditors to Consider & Approve the Scheme.
Luckin Coffee Inc - Stores Remain Open for Business, Company Continues to Meet Its Ordinary Course of Business Obligations to Its Stakeholders.