China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring

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China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring
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The company clinched a restructuring deal with a group of its foreign bondholders this spring and is seeking court approval for a global deal.

China Evergrande Group is seeking a U.S. court’s approval to restructure more than $19 billion in the company’s offshore debts, as the embattled property developer pushes forward on plans to complete one of the world’s largest and most complex debt restructurings.

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