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Prospect News home > News index > List of issuers W > Headlines for Wealth Driven Ltd. > News item
Published on 6/22/2020 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Fosun’s Fortune Star and Wealth Driven begin capped offers for notes

Chicago, June 22 – Fortune Star (BVI) Ltd. and Wealth Driven Ltd. began capped tender offers for four series of notes, according to a joint announcement.

All series of notes are guaranteed by Fosun International Ltd.

The tender offer is based on a concurrent new money issuance.

The maximum acceptance amounts will be determined on or around June 23, after the pricing of new notes on or about June 22.

The offer pertains to the following four series of notes:

• Fortune Star’s $418,135,000 principal amount outstanding of 5 3/8% senior notes (XS1728444131) due 2020, to be purchased at $1,003.5 per $1,000 face amount of notes;

• Fortune Star’s $500 million principal amount outstanding of 6 7/8% senior notes (XS1884682763) due 2021, to be purchased at $1,010.5 per $1,000 face amount of notes;

• Wealth Driven’s $478,684,000 principal amount outstanding of 5½% senior notes (XS1471856424) due 2023, to be purchased at $1,000.5 per $1,000 face amount of notes; and

• Fortune Star’s $1,372,412,000 principal amount outstanding of 5¼% senior notes (XS1581103428) due 2022, to be purchased at $988.5 per $1,000 face amount of notes.

Interest will be paid on all series of notes to the settlement date.

The expiration deadline for tender instructions is 11 a.m. ET on July 2.

Settlement is expected for July 6.

Credit Suisse (Hong Kong) Ltd. (+852 2101 6000) and Deutsche Bank (+852 2503 8888) are working as the dealer managers.

D.F. King (+44 20 7920 9700, +852 3953 7208, fosun@dfkingltd.com, https://sites.dfkingltd.com/Fosun) is acting as the information and tender agent.

Fosun is a Shanghai-based conglomerate.


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