Fosun’s Fortune Star begins tender offer for some 5¼% notes due 2022

Chicago, June 21 – Fortune Star (BVI) Ltd., a unit of Fosun International Ltd., launched a capped tender offer for its $903,328,000 outstanding 5¼% senior notes due 2022 (ISIN: XS1581103428), according to a document.

The offer expires at 11 a.m. ET on July 7.

The purchase price for the notes is $1,017 per $1,000 note. Accrued interest will also be paid on the settlement date.

The maximum acceptance amount is related to a concurrent offering of new notes. The cap will be up to the new issue amount and will be announced on or about June 24. The new notes are expected to price Wednesday.

Tenders may be subject to proration.

The offer is intended to aid the company in proactively managing its balance sheet liabilities and optimize its debt structure.

Settlement is expected for July 9.

Credit Suisse (Hong Kong) Ltd. (+852 2101 6000) and Deutsche Bank (+65 6423 8367) are dealer managers.

D.F. King & Co., Inc is 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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