Carlyle-backed China Forestry set for restructuring
China Forestry Holdings, a Hong Kong-listed timber company whose investors include The Carlyle Group, plans to negotiate a debt restructuring with creditors after defaulting on $180 million in senior notes.
The company had already postponed payment by one month on the senior notes, which are due in 2015 and have a half-yearly 10.25% coupon. China Forestry said in a statement it was "considering various options...
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