China’s Fantasia gives results from 7 3/8% senior notes tender offer

Chicago, June 1 – Fantasia Holdings Group Co. Ltd. gave the results from its cash tender offer for up to $100 million of its $500 million outstanding 7 3/8% senior notes due 2021 (ISIN: XS1498418224), according to a publication from the company.

As of the 11 a.m. ET May 28 expiration time, the company received tenders for $171,096,000, or 34.22%, of the outstanding principal amount of notes.

Tendered notes will be subject to a 51.58901% proration factor.

The company will pay $100 million for all notes accepted for purchase plus interest of $11.677083 per $1,000 note.

After completion of the offer, $400 million of the notes will remain outstanding.

The company intends to make further purchases of its senior notes soon, depending on market conditions.

As previously reported, UBS (+852 2971 8848, ol-gb+-celosia@ubs.com) and BNP Paribas (+852 2108 5528, asia_syndicate@bnpparibas.com) are the dealer managers.

D.F. King & Co., Inc (+44 20 7920 9700, +852 3953 7208, fantasia@dfking.com, https://sites.dfkingltd.com/fantasia) is the information and tender agent for the offer.

Fantasia is a property development company based in Shenzhen, China.

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