Chicago, April 21 – Wanda Group Overseas Ltd. sold an additional $180 million 8 7/8% guaranteed bonds due 2023 at par, according to an offering circular.
The notes are guaranteed by Dalian Wanda Group Co., Ltd.
The notes were consolidated and form a single series with the $200 million of bonds issued by the company on Sept. 21, 2020.
The notes are callable at any time with a make-whole premium.
Credit Suisse, Bocom International and Orient Securities (Hong Kong) acted as global coordinators, bookrunners and lead managers.
Proceeds were slated to be used to refinance existing debt.
Dalian Wanda Group is a real estate company based in Beijing.
| Issuer: | Wanda Group Overseas Ltd.
|
| Guarantor: | Dalian Wanda Group Co., Ltd.
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| Amount: | $180 million
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| Issue: | Guaranteed bonds
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| Maturity: | March 21, 2023
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| Bookrunners: | Credit Suisse, Bocom International and Orient Securities (Hong Kong)
|
| Trustee: | Bank of New York Mellon, London Branch
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| Counsel to issuer: | Reed Smith Richards Butler, Tian Yuan Law Firm
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| Counsel to bookrunners: | Latham & Watkins LLP, Haiwen & Partners
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| Coupon: | 8 7/8%
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| Price: | Par
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| Yield: | 8 7/8%
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| Call features: | Make-whole call at any time
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| Settlement date: | Jan. 27
|
| Distribution: | Regulation S
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| ISIN: | XS2127824592
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| Total issue size: | $380 million with notes sold Sept. 21, 2020
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