International law firm Dorsey & Whitney LLP announced today that it advised Powerlong Real Estate Holdings Limited, a Hong Kong-listed PRC property developer, as to United States, Hong Kong and English law in connection with its issuance on September 15, 2016 of US$200 million aggregate principal amount of high yield bonds due 2021. Net proceeds will be used by Powerlong to refinance existing indebtedness. The underwriters of the offering were BofA Merrill Lynch, HSBC, Huatai Financial Holdings (Hong Kong) Limited, Guotai Junan International and Credit Suisse.
The Dorsey team representing Powerlong included partners Steve Nelson, David Richardson, Simon Chan and Paul Denham and associates Hilda Chan, Carla Lamb and Joanne Yan.
Dorsey Advises Powerlong Real Estate Holdings Limited with Issuance of High Yield Bonds
September 15, 2016