DEALS
Zhong Lun Participates in USD 8.1 Billion Offshore Debt Restructuring of CIFI
Zhong Lun Participates in USD 8.1 Billion Offshore Debt Restructuring of CIFI
CIFI Holdings (Group) Co. Ltd. (“CIFI”) recently announced the successful restructuring of its offshore debt.
As announced, each of the restructuring conditions has been satisfied and the Restructuring Effective Date has occurred on December 29, 2025. The restructuring involves the cancellation of the existing debt and the release of all existing debt obligors thereto in exchange for the issuance of scheme consideration entitlement to scheme creditors.
The restructuring took approximately three years. Zhong Lun advised the co-ordination committee of lenders as its PRC legal counsel on this restructuring. This mandate was managed by Wenyong (Michael) Zhang, a partner of the firm’s Beijing Office, and key team members included non-equity partner Hao Tu.
