Noteholders are Expected to Receive Approximately 91-96% of the Par Valueof the Existing Notes
Luckin Coffee Maintains Strong Liquidity Position and Continues to Execute on Growth Strategy
Company Actively Pursuing Several Options to Achieve Certainty of Funding
BEIJING, March 16, 2021 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (in Provisional Liquidation) (Luckin Coffee or the Company) (OTC: LKNCY) today announced that it has entered into a restructuring support agreement (the RSA) with holders of a majority of Luckin Coffees $460 million1 0.75% Convertible Senior Notes due 2025 (the Existing Notes). The holders of Existing Notes who are party to the RSA (the Restricted Group) collec…
Read the full article at: https://www.globenewswire.com/news-release/2021/03/16/2193583/0/en/Luckin-Coffee-Enters-into-Restructuring-Support-Agreement-with-Holders-of-a-Majority-of-Existing-Notes-to-Restructure-Indebtedness-and-Enhance-Capital-Structure.html