By Marisa Wong
Morgantown, W.Va., July 28 – Powerlong Real Estate Holdings Ltd. said it priced $100 million of additional 5.95% three-year notes at 99.196 on Friday.
The notes will be consolidated and form a single series with the $200 million of 5.95% three-year notes priced at 99.191 on July 12.
Huatai Financial Holdings (Hong Kong) Ltd. and Industrial Bank Co., Ltd. Hong Kong Branch are the joint lead managers and joint bookrunners for the add-on issue.
Proceeds from the Regulation S notes will be used to refinance existing debt.
The real estate company is based in Hong Kong.
| Issuer: | Powerlong Real Estate Holdings Ltd.
|
| Issue: | Senior notes, add-on
|
| Amount: | $100 million
|
| Maturity: | July 19, 2020
|
| Bookrunners: | Huatai Financial Holdings (Hong Kong) Ltd. and Industrial Bank Co., Ltd. Hong Kong Branch
|
| Coupon: | 5.95%
|
| Price: | 99.196
|
| Call option: | At any time, in whole at par plus applicable premium or 35% equity clawback at 105.95
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 2
|
| Distribution: | Regulation S
|
| Original issue: | $200 million priced on July 12 at 99.191
|
© 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.
