Paul Hastings Represents Samsung Securities on Hanwha SolarOne Subsidiarys Floating Rate Notes
Seoul (January 28, 2013) - Paul Hastings, a leading global law firm, announced today that it represented the managers, led by Samsung Securities (Asia) Ltd., in Hanwha SolarOne Hong Kong Limiteds issuance of US$100 million offshore floating rate notes. The notes, issued outside the United States, are guaranteed by Hanwha Chemical Corporation and are due in 2016.
Hanwha SolarOne Hong Kong Limited is a wholly-owned subsidiary of Hanwha SolarOne Co. Ltd., a vertically integrated manufacturer of silicon ingots, wafers and photovoltaic cells and modules in China. The proceeds from the issuance will be used for general working capital purposes.
This transaction is notable as the notes are USD-denominated, issued by a Hong Kong issuer, and guaranteed by its indirect Korean parent company.
Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.