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Fosun’s Fortune Star receives tenders for $88.70 million of 5¼% notes
Chicago, Aug. 2 – Fortune Star (BVI) Ltd., a unit of Fosun International Ltd., announced the results of its tender offer for its $903,328,000 outstanding 5¼% senior notes due 2022 (ISIN: XS1581103428), according to a notice.
The company received tenders for $88,701,000 of the notes as the of the extended 11 a.m. ET July 16 deadline.
The offer previously expired at 11 a.m. ET on July 7.
Fortune Star paid an aggregate purchase price for the notes of $90,208,917, plus interest of $1,513,460.87, on the July 20 settlement date.
The maximum acceptance amount was set at $600 million.
The offer was intended to aid the company in proactively managing its balance sheet liabilities and optimize its debt structure.
Credit Suisse (Hong Kong) Ltd. (+852 2101 6000) and Deutsche Bank (+65 6423 8367) were dealer managers.
D.F. King & Co., Inc was the information and tender agent for the offer (+44 20 7920 9700, +852 3953 7230, fosun@dfking.com, https://sites.dfkingltd.com/Fosun).
Fosun is a Shanghai-based conglomerate.
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