Davis Polk advised Hilong Holding Limited on its $250 million Regulation S offering of 7.25% senior notes due 2020. The notes were guaranteed by certain offshore subsidiaries of Hilong. The offering was Hilong’s debut offering of non-convertible debt securities.

Hilong is an integrated oilfield equipment and service provider operating in the PRC and international markets, with a focus on oilfield equipment manufacturing and services, oilfield services, line pipe technology and services as well as offshore engineering services.

The Davis Polk corporate team included partner William F. Barron, counsel Gerhard Radtke and Terrence R. O’Donnell and associate Bingqing Pan. Partner Paul Chow, counsel Peter Cheng and associate Mun Bbill Tang provided Hong Kong law advice. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.

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