Agile Group Holdings Limited’s US$300 Million Notes Offering

Conyers, working alongside Sidley Austin and Norton Rose Fulbright, acted as Cayman Islands and British Virgin Islands counsel to Agile Group Holdings Limited.

Agile Group Holdings Limited issued US$300 million 5.5% Senior Notes due 2026 constituted under an Indenture, secured by guarantees and PPPSI share charges over BVI and Hong Kong subsidiaries and governed by an Intercreditor Agreement and Sub-Collateral Agent Appointment Agreement.

The security package is a dichotomy between security governed by the Intercreditor Agreement and the Sub-Collateral Agent Appointment Agreement shared on a pari passu basis between the secured creditors under the arrangement. 

Agile is one of the leading property developers in China, focusing primarily on the development and sale of medium to large-scale high-quality residential properties in China. In addition, Agile develops commercial properties, including retail shops that are complementary to its residential properties, shopping malls, office buildings and hotels.

The Conyers’ team was led by Paul Lim (Picture) and Associate Beverly Cheung. 

Involved fees earner: Beverly Cheung – Conyers Dill & Pearman; Paul Lim – Conyers Dill & Pearman;

Law Firms: Conyers Dill & Pearman;

Clients: Agile Group Holdings Limited;

Author: Sonia Carcano