Hong Kong's Fantasia solicits consents for 14% notes due 2015

By Jennifer Chiou

New York, Dec. 14 - Fantasia Holdings Group Co. Ltd. announced the start of a consent solicitation to amend the indenture of its $120 million of 14% senior notes due May 12, 2015.

The company is looking to gain flexibility "to incur certain indebtedness to enable it to pursue business opportunities permitted under the indenture," according to a release filed with the Singapore Exchange.

The solicitation will end at 5 p.m. ET on Dec. 28.

Fantasia is offering a consent fee of $5.00 for each $1,000 principal amount of notes.

The company is seeking consents from holders of a majority of the notes.

Bondholder Communications Group, LLC is the information and tabulation agent (attn: Francine Holden; 44 207 382 4580 or 212 809 2663). Questions may also be directed to Chan Sze Hon (852 2572 8011).

Fantasia Holdings is a property developer based in Hong Kong.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.