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China’s Hilong plans add-on offering of 7¼% senior notes due 2020
By Marisa Wong
Morgantown, W.Va., Jan. 10 – Hilong Holding Ltd. is proposing to issue additional notes to be consolidated and form a single series with the $250 million of 7¼% senior notes due 2020 issued on June 22, 2017, according to a notice.
The size of the add-on and the offer price will be determined through a book-building exercise to be conducted by CLSA and HSBC as joint bookrunners, joint lead managers and joint global coordinators.
Proceeds from the Regulation S offering will be used to refinance existing debt, for working capital and for general corporate purposes.
Hilong is an integrated oilfield equipment and service provider based in Hong Kong.
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