China’s Easy Tactic offers to purchase 7% senior notes due 2021

Chicago, Jan. 25 – Easy Tactic Ltd. is offering to purchase for cash a capped amount of its $800 million 7% senior notes due 2021 (ISIN: XS1811023065), according to an announcement.

The maximum acceptance amount has not yet been determined.

Notes will be repurchased at $1,003.75 per $1,000 notes.

The offer will expire at 11 a.m. ET on Jan. 29.

Settlement is schedule for Feb. 3.

The company is concurrently offering new notes, and noteholders who have indicated an intention to tender their old notes may receive preference in the allocation of the new notes.

The new notes represent a financing condition for the tender offer.

The issuer is seeking to extend its debt maturity profile through the offer.

Goldman Sachs (Asia) LLC (+852 2978 0604, +852 2978 1162) and J.P. Morgan Securities plc (+44 20 7134 2468, +852 2800 7650) are the joint dealer managers.

Morrow Sodali Ltd. is the information and tender agent (+44 208 089 3287, +852 2319 4130, GuangzhouRF@investor.morrowsodali.com, https://bonds.morrowsodali.com/GuangzhouRF).

Easy Tactic is a special purpose vehicle of Guangzhou, China-based real estate developer R&F Properties.

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