China’s Fosun units announce acceptance amounts on 5 3/8%, 5½ notes

Chicago, June 25 – Fortune Star (BVI) Ltd. and Wealth Driven Ltd. gave the maximum acceptance amounts for the joint tender offers announced on Monday by Fosun International Ltd., according to a notice.

The maximum acceptance amount for both series of notes is $700 million, to be apportioned between the issues at the issuer’s discretion and is subject to change. The final determination will be announced with the results of the offers soon after the expiration deadline.

As previously announced, Fortune Star is offering to purchase its $550 million of its 5 3/8% senior notes due 2020 for $1,011.50 per $1,000 principal amount.

Wealth Driven is offering to purchase its $590 million of its 5½% senior notes due 2023 at par.

Each issuer will also pay accrued interest to the settlement date, which is expected to be July 11.

Each offer expires at 11 a.m. ET on July 4.

If tender instructions are delivered for amounts in excess of the maximum purchase amount, tenders will be accepted on a pro rata basis.

Fortune Star planned to price a new series of notes on June 24, and the offers are conditioned on consummation of that issuance.

Credit Suisse, BOCI, HSBC and Standard Chartered Bank are the dealer managers.

D.F. King (+44 20 7920 9700, 852 3953 7230 or fosun@dfkingltd.com) is the information and tender agent.

Fosun is a Shanghai-based conglomerate.

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