CAR’s $250 Million Senior Notes Offering

Kirkland & Ellis advised CAR Inc. on the deal.

CAR Inc. (HKSE: 699), the largest car rental service provider in China, executed its issuance of $250 million senior notes due 2024 with an interest rate of 9.75%. 

China International Capital Corporation Hong Kong Securities Limited, Goldman Sachs (Asia) L.L.C. and J.P. Morgan Securities plc acted as underwriters for the offering.

The Kirkland team advising CAR was led by transactional partner Jacqueline Tang (Picture) with support from associate Zoey Zhang. Transactional partner Joey Chau advised on the Hong Kong regulatory aspect of this transaction. 

Involved fees earner: Joey Chau – Kirkland & Ellis; Jacqueline Wenchen Tang – Kirkland & Ellis; Zoey Zhang – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: China International Capital Corporation Hong Kong Securities Limited; Goldman Sachs (Asia) L.L.C.; J.P. Morgan Securities LLC;

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Author: Sonia Carcano