Chicago, June 25 – KWG Group Holdings Ltd. announced it priced $225 million of additional senior notes due November 10, 2024 at 91.49 in a news release on Tuesday.
The notes will be consolidated and form a single series with the original $400 million of 5 7/8% notes that were issued on Nov. 10, 2017.
Goldman Sachs (Asia) LLC served as bookrunner and lead manager.
Proceeds will be used to refinance existing debt.
KWG Group is a developer based in Guangzhou, China. The company was previously known as KWG Property Holding Ltd.
| Issuer: | KWG Group Holdings Ltd.
|
| Issue: | Senior notes
|
| Amount: | $225 million add-on
|
| Maturity: | Nov. 10, 2024
|
| Bookrunner: | Goldman Sachs (Asia) LLC
|
| Coupon: | 5 7/8%
|
| Price: | 91.49
|
| Pricing date: | June 25
|
| Distribution: | Regulation S
|
| Original issue: | $300 million priced on Nov. 7, 2017
|
| Previous add-on: | $100 million priced on Nov. 8, 2017
|
| Total amount: | $625 million
|
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