Evergrande has agreed to pay the advisory fees of a group of international bondholders in the heavily indebted company after they warned of potential legal action against the Chinese developer.
The agreement is with a bondholder group advised by law firm Kirkland & Ellis and investment bank Moelis & Company, according to two people familiar with the matter.
It comes as Evergrande embarks on a restructuring process following its default last year that has shaken China’s property sector and contributed to an economic slowdown in the country.
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