Soho China collects tenders for $146.73 million 7 1/8% notes in offer

By Susanna Moon

Chicago, Oct. 19 – Soho China Ltd. said it accepted for purchase tenders for $146,731,000 of its $400 million of 7 1/8% senior notes due 2022.

Settlement has been set for Oct. 21, according to a company notice.

The offer ended at 11 a.m. ET on Oct. 16, extended from 11 a.m. ET on Oct. 9.

As of the original deadline, $145,631,000 of the notes had been tendered.

Soho China announced the offer on Sept. 24, saying it would pay $1,012.50 per $1,000 principal amount of notes plus accrued interest up to but excluding the settlement date.

The dealer managers are Goldman Sachs (Asia) LLC (852 2978 2519, 852 2978 0666, 852 2978 0923 or AEJ_Syndicate@ny.email.gs.com), Hongkong and Shanghai Banking Corp. Ltd. (888 HSBC-4LM, 852 2822 4100, 44 207 992 6237, 212 525-5552 or liability.management@hsbcib.com) and Standard Chartered Bank (852 3983 8622, 852 3983 8215, 852 3983 8647 or Asia-Liability.Management@sc.com).

The tender agent is Syntax GIS Ltd. (44 (0)20 3709 4186, 44 (0)20 3709 4187 or soho@syntax-gis.com).

Soho China is an office and retail property developer based in Beijing.

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