Hilong (HKG:1623) said it completed the restructuring of its previously issued 9.75% senior secured notes that were due in 2024, according to a Hong Kong bourse filing Friday.

Shares of the oil field equipment and services provider were up over 1% in morning trade Monday.

Under the restructuring, the company paid $1 per $1,000 principal to consenting holders plus an overall payment of $49.7 million to all holders on a pro rata basis.

Furthermore, the principal on the bonds was restructured to $317.4 million and maturity extended to Feb. 5, 2030.

The firm also distributed $2.9 million in restated notes to holders on a pro rata basis, it said.