Landsea Green Properties buys another $15.5 million of green notes

Chicago, Dec. 6 – Landsea Green Properties Co., Ltd. and a controlling shareholder have repurchased a combined additional $15.5 million of the company’s notes on the open market from two series, according to an announcement.

The company bought $11.5 million of its $200 million 10½% green senior notes due June 2022.

Tian Ming, a controlling shareholder, executive director and chairman of the board of directors of the company, recently purchased $4 million of the company’s $200 million 10¾% green senior notes due October 2022.

The company and Tian are “very willing” to continue to repurchase the outstanding notes in the open market.

As of Monday, there are $87.94 million of the June notes remaining and there are $165 million of the October notes still outstanding.

The repurchased notes may or may not be canceled, at the company’s discretion.

Landsea is a Nanjing, China-based investment holding company focused on property development, securities trading and financial services.

© 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.