China's Zoomlion plans to sell senior notes via Goldman Sachs

By Christine Van Dusen

Atlanta, Dec. 12 - China's Zoomlion Heavy Industry Science and Technology Co. Ltd. is planning an issue of senior notes with bookrunner Goldman Sachs, according to a company filing.

Proceeds from the Rule 144A and Regulation S deal will be used to fund the group's overseas expansion plan, including enhancing the distribution and service network and establishing research and development centers and manufacturing facilities.

Zoomlion is a heavy machinery manufacturer based in Changsha, China.

The notes will be issued by special purpose vehicle Zoomlion HK.

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