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Sunac China aims to align 8¾% notes due 2019 with two other issues
By Susanna Moon
Chicago, Nov. 1 – Sunac China Holdings Ltd. said it is soliciting consents for its $400 million of 8¾% senior notes due 2019 until 11 a.m. ET on Nov. 10.
Sunac China is asking holders to approve amending the terms of the 8¾% notes “to make them consistent” with those of its $400 million of 6 7/8% senior notes due 2020 and $600 million of 7.95% senior notes due 2022, according to a company announcement.
The proposed amendments would make the terms “more suitable to the company’s business operations,” the release noted.
The consent fee will be $2.50 for each $1,000 principal amount.
The record date is 11 a.m. ET on Oct. 31.
D.F. King (+852 3953 7230, +44 20 7920 9700, sunac@dfkingltd.com or https://sites.dfkingltd.com/sunac) is the information and tabulation agent. Morgan Stanley & Co. International plc (+852 2239 7358) is the solicitation agent.
Sunac is a Tianjin, China-based residential and commercial property developer.
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