Brief: Sunkwan Properties Says Began Exchange Offer For Some Existing Notes
14/12/2021 24:19
Dec 14 (Reuters) - Sunkwan Properties Group Ltd 6900.HK :
* COMMENCED EXCHANGE OFFER WITH RESPECT TO EXISTING NOTES
HELD BY
NON-U.S. PERSONS OUTSIDE UNITED STATES
* CONDUCTING A SEPARATE CONCURRENT OFFERING TO ISSUE AND
SELL
ADDITIONAL NEW NOTES
* CONDUCTING A SEPARATE CONCURRENT OFFERING TO ISSUE AND
SELL
ADDITIONAL NEW NOTES
* WILL USE NET CASH PROCEEDS FROM CONCURRENT NEW MONEY
ISSUANCE
PRIMARILY TO OPTIMIZE ITS DEBT STRUCTURE
* COMPANY WILL SEEK A LISTING OF NEW NOTES ON HK STOCK
EXCHANGE
* TO USE NET CASH PROCEEDS FROM NEW MONEY ISSUANCE TO ALSO
REFINANCE EXISTING OFFSHORE INDEBTEDNESS
Source text for Eikon: ID:nHKS1XQ8vt
Further company coverage: 6900.HK
((Reuters.Briefs@thomsonreuters.com;))
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