Logan’s $8 Billion Restructuring Hinges on Luxury Tower Loan
- Creditors holding equity-linked securities, loans show concern
- JPMorgan is engaged to arrange a refinancing, people say
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Chinese developer Logan Group Co. is entering a crucial stage in its $8 billion offshore restructuring, with just three months to pay or refinance a loan or risk losing control of a key luxury home project.
While the loan in question isn’t included in Logan’s restructuring plan, separate holders of private debt and bonds are counting on income from the housing project to help make the plan viable.