Shanzihigh Technology: Completes 70 million euros syndicated loan debt restructuring for European subsidiary

The announcement from Shanzigao Technology states that on December 31, 2024, the company's board of directors approved the debt restructuring of its European subsidiary. In early 2025, a partial restructuring was completed with 32 million euros. In September, the company signed a new agreement with the Belgian Bank and Consortium, and the remaining balance of 70 million euros of the consortium loan must be paid by December 15, 2025. Recently, the company paid the remaining 8.1097 million euros and completed the debt restructuring. Based on the simulated third quarter report of 2025, the debt is expected to decrease by 233 million euros, reducing the debt-to-asset ratio by around 18% and optimizing the financial structure.