Chicago, July 14 Easy Tactic Ltd. listed $5.1 billion of three series of amortizing notes that were the result of an exchange offer for 10 series of notes on Thursday, according to multiple listing notices.
The company listed:
$1,292,392,467 of 6½% senior notes due July 11, 2025;
$2,203,665,299 of 6½% senior notes due July 11, 2027; and
$1,605,828,646 of 6½% senior notes due July 11, 2028.
From the exchange offer, the new group A notes due 2025 relate to the:
$265 million 5Ύ% senior notes due July 13, 2022 (ISIN: XS1545743442);
$300 million 9 1/8% senior notes due July 28, 2022 (ISIN: XS1940202952); and the
$360 million 12 3/8% senior notes due Nov. 18, 2022 (ISIN: XS2255777224);
From the second part of the exchange offer, the new group B notes due 2027 relate to the:
$500 million 5 7/8% senior notes due Feb. 13, 2023 (ISIN: XS1720054383);
$450 million 8 1/8% senior notes due Feb. 27, 2023 (ISIN: XS1956133893); and the
$500 million 11Ύ% senior notes due Aug. 2, 2023 (ISIN: XS2293918285).
For the third part of the exchange offer, the new group C notes due 2028 replace the:
$375 million 8 5/8% senior notes due Feb. 27, 2024 (ISIN: XS1956169657);
$400 million 8 5/8% senior notes due March 5, 2024 (ISIN: XS2125172085);
$450 million 8 1/8% senior notes due July 11, 2024 (ISIN: XS2025848297); and the
$325 million 11 5/8% senior notes due Sept. 3, 2024 (ISIN: XS2307743075).
The notes are guaranteed by R&F Properties (HK) Co. Ltd.
Easy Tactic is a special purpose vehicle of Guangzhou, China-based real estate developer R&F Properties.
| Issuer: | Easy Tactic Ltd.
|
| Guarantor: | R&F Properties (HK) Co. Ltd.
|
| Amount: | $5,101,886,412
|
| Issue: | Senior notes
|
| Counsel to issuer: | Sidley Austin LLP
|
| Counsel to solicitation agents: | Linklaters
|
| Settlement date: | July 14
|
| Distribution: | Regulation S
|
|
|
| 2025 notes
|
| Amount: | $1,292,392,467
|
| Maturity: | July 11, 2025
|
| Coupon: | 6½%
|
| ISIN: | XS2495355674
|
|
|
| 2027 notes
|
| Amount: | $2,203,665,299
|
| Maturity: | July 11, 2027
|
| Coupon: | 6½%
|
| ISIN: | XS2495358009
|
|
|
| 2028 notes
|
| Amount: | $1,605,828,646
|
| Maturity: | July 11, 2028
|
| Coupon: | 6½%
|
| ISIN: | XS2495359403
|
|
|
|
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