Nachrichten May 17, 2019

CAR Inc.’s $372 Million Exchange Offer and Concurrent New Money Offering

Shearman & Sterling represented Credit Suisse as sole dealer manager in connection with the exchange offer by CAR Inc. of its 6.125% senior notes due 2020 for 8.875% senior notes due 2022. 

The firm also represented Credit Suisse and China International Capital Corporation as initial purchasers in connection with CAR Inc.’s concurrent new money offering of $200 million senior notes due 2022.

CAR Inc. is a leading auto mobility provider in China, offering comprehensive services including short-term rentals, long-term rentals, leasing and chauffeured car services through a collaboration with UCAR Inc. The company is headquartered in Beijing.


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