On September 2nd at midday, KAISA GROUP announced that its offshore debt restructuring plan has achieved critical progress, with the restructuring expected to officially take effect by the end of September.

KAISA GROUP explained that since initiating the debt restructuring work, the company has maintained a responsible attitude toward creditors and the market, engaging in comprehensive communication and negotiations with creditors. The offshore debt restructuring plan systematically optimizes the existing debt structure through various methods including debt extension, debt-to-equity conversion, and asset disposal.

According to reports, after the restructuring plan takes effect, it will achieve a debt reduction of approximately $8.6 billion, with an average debt term extension of 5 years. The company will face no rigid repayment pressure before the end of 2027. Following successful restructuring, the coupon rates for new notes will range between 5%-6.25%, representing a decrease from historical debt rates. According to this announcement, KAISA GROUP has met multiple conditions for the restructuring to take effect, including the allotment and issuance of shares for creditor committee working expenses, establishing a solid foundation for restructuring implementation.

KAISA GROUP stated that the smooth advancement of this restructuring plan marks a solid step forward for KAISA GROUP in resolving debt risks and restoring operational stability. As an industry benchmark case, the success of KAISA GROUP's offshore debt restructuring benefits not only from the company's proactive self-rescue efforts but also fully demonstrates the positive support and guidance of national policies for the real estate industry. This milestone event not only opens the door to credit repair for the enterprise but also serves as a stabilizer and indicator for risk resolution, confidence restoration, and sustainable development in the real estate industry.