TRLPC-Sound Global aims to prepay loan and avoid wider default

April 23, 2015 4:01 PM

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HONG KONG, April 23 (Reuters) - Chinese waste water treatment company Sound Global Ltd is seeking a second waiver from lenders on a $110 million syndicated loan that it is trying to prepay in a bid to avoid a wider debt default, bankers said on Thursday.

Sound Global is asking lenders to waive a technical default on the loan after breaking covenants which stated that its shares could not be suspended for more than 15 trading days.

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