Fourcore Tech Finance Enters Negotiations Over Bond Interest Non-payment

Fourcore Tech Finance Ltd, formerly known as Cardea Luna Capital Partners Ltd, has announced ongoing negotiations with creditors regarding its 10% corporate bond, originally due for interest payment on 28 February 2025. The company has failed to meet the payment deadline, including the additional 30-day grace period outlined in the bond terms.

Fourcore has secured agreements with the majority of bondholders to waive the missed interest payment. These holders have accepted an exchange of their current bonds for new ones carrying a 10.25% interest rate, set to mature on 16 September 2029.

The company continues discussions with other bondholders to finalize restructuring arrangements. The firm aims to solidify terms aligned with those already accepted by most bondholders, furthering a mutual resolution.