Paul Hastings Represents Mingfa Group in US$100 Million Senior Notes Offering
Hong Kong (February 4, 2013) - Paul Hastings, a leading global law firm, announced today that it represented Mingfa Group (International) Company Limited (Mingfa Group), a leading PRC investment company focusing on property development, in its issuance of senior notes (Notes) in the aggregate principal amount of US$100 million, due 2018.
Credit Suisse was the sole global coordinator, and Credit Suisse, Citi, ICBC International Capital, RBS and Morgan Stanley were the joint bookrunners in respect of the offer and sale of the Notes.
Mingfa Group intends to use the majority of the net proceeds to refinance certain of its outstanding indebtedness (including a US$20 million loan provided by Galaxy Earnest in November 2012) and the remaining amount for general corporate purposes.
Paul Hastings has advised Mingfa Group on a number of its debt capital markets-related transactions including its US$200 million convertible bond issuance in 2011 and its US$200 million convertible bond issuance where the subscribers were co-owned by Warburg Pincus Private Equity X, L.P. and Warburg Pincus X Partners, L.P., in 2010.
The Paul Hastings team was led by
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