Asian cruise operator Genting Hong Kong (GHK) has completed one of the largest restructuring deals in the…
Asian cruise operator Genting Hong Kong (GHK) has completed one of the largest restructuring deals in the Asian travel sector to date.
Linklaters acted for GHK on restructuring circa USD 3.5 billion of financial debt and a recapitalisation of circa USD 1 billion.
Listed publicly on the Hong Kong Stock Exchange, GHK is one of the largest cruise operators in Asia. Like many other travel companies across the world, GHK suffered from the effects of the Covid-19 pandemic and subsequent restrictions on travel since last year.
By recapitalising and restructuring, GHK hopes to create a more stable footing coming out of the pand…
Read the full article at: https://iclg.com/ibr/articles/16739-linklaters-drives-largest-ever-asian-travel-restructuring