HNA seeks another payment extension on $4bn loan

By Pan Yue
07 May 2020

Chinese conglomerate HNA Group has missed yet another payment, this time of $750m, on a loan it raised in 2016 to acquire Ingram Micro, a US information technology and products distributor.

The debt-laden Mainland company said in a Shanghai Stock Exchange filing on Wednesday that it had missed a principal payment on May 5, and was in talks with its lenders for an extension. 

An HNA spokesperson told GlobalCapital Asia that the company needs to gain all of the lenders’ ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial