Chicago, June 13 – VCredit Holdings Ltd. priced $100 million 11% senior notes due June 20, 2021 at 98.054, according to a company notice.
Goldman Sachs (Asia) LLC is the global coordinator, lead manager and bookrunner for the Regulation S offering.
The company plans to use the proceeds for general working capital purposes.
Based in Hong Kong, the company offers microloans, financing guarantees, financial leasing and other services.
| Issuer: | VCredit Holdings Ltd.
|
| Amount: | $100 million
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| Maturity: | June 20, 2021
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| Coupon: | 11%
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| Price: | 98.054
|
| Call option: | Yes
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| Equity clawback: | Up to 35% at 106.062 plus interest, provided 65% of the total amount of notes remain outstanding
|
| Issue date: | June 13
|
| Settlement date: | June 20
|
| Distribution: | Regulation S
|
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