China Water Environment Seeks $410 Million Loan Restructuring

EXCLUSIVE China Water Environment Seeks $410 Million Loan Restructuring China Water Environment Group, one of the nation’s largest sewage treatment firms, is seeking to restructure about $410 million of offshore loans, according to people familiar with the matter, adding to a growing number of Chinese state-backed firms facing debt challenges. The Beijing-based company, 43%-owned by the State Development and Investment Corp., is asking banks to push back the maturities of all of its offshore loans by one year, with an option to further extend them by another year, the people said.