Sep 2020
Conyers provided Bermuda and British Virgin Islands legal advice to Road King Infrastructure Limited in connection with the exchange and tender offer to the holders of the outstanding US$400 million 7.75% Guaranteed Senior Notes due 2021 issued by its BVI SPV, RKPF Overseas 2019 (B) Limited and the issuance of US$415 million 6.0% Guaranteed Senior Notes due 2025 by its BVI SPV, RKPF Overseas 2019 (A) Limited (comprising US$300 million of new money notes and US$115 million of exchange notes).
Road King Infrastructure Limited (HK stock code: 1098) is a prominent property developer in Mainland China and Hong Kong focusing on developing quality residential apartments and also a leading toll road investor and operator in Mainland China with over 20 years of experience in the industry. The existing real estate portfolio is mainly located in the Yangtze River Delta, Bohai Rim regions and Greater Bay Area, comprising a land reserves of about 7.91 million square meters. The current toll road portfolio consists of five expressways spanning 340 km in Mainland China.
Partners Christopher Bickley and Wynne Lau and Associate Ryan McConvey of Conyers’ Hong Kong office advised on the matter, working alongside Reed Smith Richards Butler.