By Marisa Wong
Madison, Wis., Sept. 19 – Honghua Group Ltd. announced it priced $200 million of 7.45% senior notes due 2019 at par on Thursday.
HSBC Ltd., Citigroup Global Markets Inc., Morgan Stanley & Co. International plc and Merrill Lynch International are the joint global coordinators, joint lead managers and joint bookrunners for the Regulations S and Rule 144A offering.
Proceeds will be used to refinance existing indebtedness, including all amounts under the company’s term loan facility agreement, and, to a lesser extent, for general corporate purposes.
The large-scale equipment manufacturer and drilling service provider is located in Wan Chai, Hong Kong.
| Issuer: | Honghua Group Ltd.
|
| Issue: | Senior notes
|
| Amount: | $200 million
|
| Maturity: | Sept. 25, 2019
|
| Coupon: | 7.45%
|
| Price: | Par
|
| Yield: | 7.45%
|
| Bookrunners: | HSBC Ltd., Citigroup Global Markets Inc., Morgan Stanley & Co. International plc and Merrill Lynch International
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 25
|
| Distribution: | Rule 144A/Regulation S
|
|
|
© 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.
