Times China Holdings Limited’s $100 Million Senior Notes Offering

Appleby’s Hong Kong office acted as British Virgin Islands (BVI) and Cayman Islands counsel for Times China Holdings Limited in its tap issuance of USD100 million aggregate principal amount of 6.2% senior notes due 2026, to be consolidated and formed a single series with USD350 million 6.2% senior notes due 2026 issued on 22 September 2020.

The gross proceeds of the Notes Issue will be approximately USD101.2 million and Times China intends to use the proceeds for refinancing. This is the sixth transaction Appleby’s Capital Markets team has supported Time China with in the past 12 months.

Times China Holdings Limited operates as a real estate development company. The Company develops and markets residential areas, office buildings, hotels, restaurants, and other related areas. Times China Holdings markets its buildings throughout China.

The Appleby’s team was led by Partner Chris Cheng (Picture), supported by Legal Executive Connie Wu.

 

Involved fees earner: Chris Cheng – Appleby; Connie Wu – Appleby;

Law Firms: Appleby;

Clients: Times China Holdings;

Author: Sonia Carcano