China Retailer Suning Talks Debt Extension With Major Creditors

One of China’s largest retailers, Suning Appliance Group Co., has proposed extending $6.1 billion of unsecured debt by eight years, in its latest effort to deal with a liquidity crunch.

Suning last month shared its latest proposal involving the 44.9 billion yuan of debt with an onshore creditor committee for discussions, according to people familiar with the matter who asked not to be identified as the information is private. The committee was established in September 2021 and has been working with the company on its debt load since, the people said.

An initial restructuring framework was presented by Suning ...