By Devika Patel
Knoxville, Tenn., Feb. 22 - Foshan S.L.P. Special Materials Co., Ltd. said it sold $4.14 million of 10% convertible notes on Feb. 12.
Longboard Capital Advisors LLC and Jayhawk Capital Management LLC were the lead investors. Primary Capital LLC was the agent.
Proceeds will be used for working capital and to begin expanding the production capacity of Polyphenylene-sulfide.
Based in Hong Kong, Foshan is a private producer of non-woven polyesters.
| Issuer: | Foshan S.L.P. Special Materials Co., Ltd.
|
| Issue: | Convertible notes
|
| Amount: | $4.14 million
|
| Coupon: | 10%
|
| Price: | Par
|
| Yield: | 10%
|
| Warrants: | No
|
| Agent: | Primary Capital LLC
|
| Investors: | Longboard Capital Advisors LLC and Jayhawk Capital Management LLC (leads)
|
| Settlement date: | Feb. 12
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
