Sunac Urges Creditors to Support Proposed Debt Swap Plan

Sunac China Holdings Ltd.’s financial adviser told creditors that the Chinese developer expects to complete its restructuring by the end of 2025 or early next year and urged them to get on board with what it called “the only viable” plan.

Representatives from Houlihan Lokey Inc. told investors on a conference call Thursday that the company expects continued liquidity constraints and headwinds in China’s property sector. They said that a debt repayment plan would be impractical for offshore creditors and would amount to kicking the can down the road.