Shearman & Sterling represented Haitong International, Guotai Junan International and Potomac Capital Limited as the dealer managers in connection with the exchange offer by Guangdong – Hong Kong Greater Bay Area Holdings Limited of any and all of its outstanding 14% senior notes due 2021 for 13.85% senior notes due 2023. In connection with the exchange offer, the company issued $235.72 million 13.85% senior notes due 2023.
The firm also represented Haitong International, Guotai Junan International, Potomac Capital Limited and Zhongtai International as the initial purchasers in connection with Guangdong – Hong Kong Greater Bay Area Holdings Limited’s concurrent new money offering of $41.5 million 13.85% senior notes due 2023.
Guangdong – Hong Kong Greater Bay Area Holdings Limited, previously known as Hydoo International Holding Limited, is a new ecological industrial city service provider with a primary focus on the Greater Bay Area in China. The company has been named as one of the China Star Real Estate Developers, the China Excellent Industrial Park Operators, the China Mainland Top 10 Real Estate Company Listed in Hong Kong by Investment Value and the China Top 10 Corporations of the Industrial New Town in Comprehensive Strength by various real estate associations in 2021.
The team below also included special associate Cathy Qian (Shanghai-Capital Markets).