By Sarah Lizee
Olympia, Wash., Nov. 6 – Imagi International Holdings Ltd. subsidiary Imagi Holdings Ltd. sold HK$1 billion of 10% guaranteed notes due 2022 at par on Wednesday, according to a notice.
The notes are guaranteed by Imagi International.
DBS Bank Ltd. is the coordination agent.
The notes are callable in whole or in part after six months.
Proceeds will be used for general corporate purposes, including to fund the conditional acquisition by a subsidiary of the company of the entire issued share capital in Les Ambassadeurs Club Ltd.
Imagi is an animation studio based in Chai Wan, Hong Kong.
| Issuer: | Imagi Holdings Ltd.
|
| Guarantor: | Imagi International Holdings Ltd.
|
| Issue: | Notes
|
| Amount: | HK$1 billion
|
| Maturity: | Nov. 13, 2022
|
| Agent: | DBS Bank Ltd.
|
| Coupon: | 10%
|
| Price: | Par
|
| Yield: | 10%
|
| Call: | In whole or in part after six months
|
| Put: | At 101 following change of control
|
| Pricing date: | Nov. 6
|
| Settlement date: | Nov. 13
|
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