eHi Car Services’ Tender Offer and $300 Million Bond Offering

Shearman & Sterling represented Deutsche Bank and J.P. Morgan as the dealer managers and initial purchasers.

Deutsche Bank and J.P. Morgan acted as the dealer managers in connection with the offer to purchase for cash by eHi Car Services Limited for its outstanding 5.875% senior notes due 2022.

Deutsche Bank and J.P. Morgan also acted as the initial purchasers in connection with eHi Car Services Limited’s concurrent offering of $300 million 7.75% senior notes due 2024.

Headquartered in Shanghai, eHi Car Services Limited is a leading car rental and car services provider in China.  

The Shearman & Sterling team was led by partner Alan Yeung (Picture), with associate Leo Wong, associate Yuanjing Chen and special associate Cathy Qian (Shanghai-Capital Markets).

Involved fees earner: Yuanjing Chen – Shearman & Sterling; Leo Wong – Shearman & Sterling; Alan Yeung – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Deutsche Bank; J.P. Morgan Securities LLC;

Author: Sonia Carcano