洛杉矶當地時間2月27日,賈躍亭先生向美國加州中區破産法院提交經賈躍亭先生與無擔保官方債委會雙方同意的破産重組方案核心條款清單。這是經過與債權人委員會反複磋商並已最終達成一致的結果,諸多債權人關心的問題都已經在核心條款清單中得以解決,這是賈躍亭先生第11章破産重組進程中的裏程碑式進展。此外,2020年1月16日,美國第16區(加州中區)US Trustee自願撤回前任特拉華US Trustee有關委派第11章破産管理人的動議,該動議預計不會被再次提交。
有關本次提交破産重組核心條款清單的細節,特此聲明如下:
1. 經過多輪磋商, 我方與債權人委員會對賈躍亭先生財務重組方案核心條款清單最終達成一致,預計在披露聲明獲得法院的批准後(披露聲明預計本周提交),破産重組方案將遞交給債權人審議和投票表決,並最終由法院予以確認;
2. 賈躍亭先生在與債權人委員會協商中做出了巨大讓步,包括賈躍亭先生不再要求解除中國債務擔保,直到獲准債務償付金額達到約定比例;獲准債權人將有權繼續在國內持有債權並處置賈躍亭先生全部已被凍結或已抵押、質押的資産;同時獲准債權人將會在獲得高達4%的利息以及根據累計階梯分賬的原則獲得超10億美元的潛在超額收益;
3. 美國第16區US Trustee辦公室(即現任US Trustee)撤回了前任第3區US Trustee辦公室(特拉華)有關委派第十一章破産管理人來托管賈躍亭先生資産和財務事務的動議,該動議作出了賈躍亭“不誠實”的不當表述。這很好地說明了現任US Trustee不再支持賈躍亭先生惡意債權人有關賈躍亭先生“不誠實”的錯誤指控。賈躍亭先生希望披露聲明順利批准且方案得到最終確認,這將永久性地終結這些不實指控;
4. 懶財近日再次提交駁回賈躍亭先生破産重組案的動議,充分暴露了他們通過犧牲所有其他債權人利益的方式來保護自身利益(懶財主張約1千1百萬美元的債權),徹底站在了全體債權人特別是債務委員會的對立面。該動議並未在特拉華法院通過,賈躍亭先生希望債權人委員會和衆多債權人如此前一樣繼續反對懶財要求駁回此案的動議;
5. 賈躍亭先生非常有信心跟債委會及支持他的債權人一起推動破産重組案的盡快完成,以解除FF在中國發展業務和全球股權融資的最大障礙,全力以赴實現FF資産價值最大化,繼而保護全體債權人的最大利益並徹底解決債務問題,盡責到底;
6. 賈躍亭先生計劃于本周提交基于核心條款清單的新版披露聲明,並在法院批准披露函後啓動投票流程,盡快推動重組的完成,屆時FF的全球的融資和發展也將走向快車道。
賈躍亭債務處理小組
洛杉矶當地時間2020年2月28日
(北京時間2020年2月29日)
Statement regarding agreement with the creditors committee on key plan and creditor trust terms, major progress in restructuring
LOS ANGELES, February 27, 2020 – Yueting (“YT”) Jia filed with the Bankruptcy Court for the Central District of California a “Plan Term Sheet” agreed to between YT and the Official Committee of Unsecured Creditors (the “Committee”) in YT’s chapter 11 case. The Plan Term Sheet sets forth the terms for a plan of reorganization with the support of the Committee, following many rounds of negotiations which allowed for many creditor concerns to be addressed. This is a major milestone in the progress of YT’s chapter 11 case. Meanwhile, on January 16, 2020, the US Trustee (“UST”) in Region 16 (CDCA) withdrew without prejudice the Delaware UST’s motion to appoint a chapter 11 trustee and no refiling of that motion is anticipated.
Regarding the details of the Term Sheet of this bankruptcy restructuring, we would like to make the following statements:
1. After rounds of negotiations, YT and the Committee reached an agreement on the Plan Term Sheet for YT’s financial restructuring. Assuming and upon approval of the Disclosure Statement (which YT intends to file this week), the reorganization plan will be sent to creditors for consideration and voting, coming before the Bankruptcy Court for confirmation.
2. YT made significant concessions during the negotiation with the Committee, including the following among others: (i) YT no longer asks for discharging his personal liabilities in China, until allowed claimants receive a prescribed percentage of recovery; (ii) allowed claimants will have the right to continue to hold claims in China and dispose all of YT’s already frozen, collateralized and pledged assets; and (iii) allowed claimants will also receive 4% interest and more than 1 billion US dollars of potential upside based on a scaling distribution sharing formula after all Allowed Debt Claim Amounts are paid off.
3. The Office of the US Trustee for Region 16 (CDCA) withdrew the previously filed motion by the Office of the US Trustee for Region 3 (Delaware) which requested the appointment of a Chapter 11 trustee to take control of YT's assets and financial affairs, and which improperly claimed YT was "dishonest” based on assertions from hostile creditors. YT looks forward to the approval of his disclosure statement and, ultimately, confirmation of his plan which will permanently put an end to these untrue allegations.
4. SLC recently filed another motion to dismiss YT's chapter 11 case, which clearly shows their intent to protect their own interests (an alleged claim of approximately $11 million U.S.) at the expense of all other creditors. This puts SLC on the “opposite side” of other creditors and the Committee in particular. YT expects that the Committee and many creditors will, again, voice their opposition, just as they did with respect to SLC’s previous motion to dismiss which the Delaware Court did not grant.
5. YT is very confident he can complete the restructuring together with the Committee and his supporting creditors, remove a major hurdle facing FF's China business and global equity financing, and make every effort to maximize the value of FF’s assets, protect the interests of his creditors and address his debt issues once and for all.
6. YT intends to file an amended disclosure statement this week reflecting the Plan Term Sheet and start the voting process after the court approves the disclosure statement and push for the timely completion of the restructuring. Once that occurs, FF's global financing and development will be back on the fast track.
Yueting Jia’s Debt Project Team
February 28, 2020