Modern Land (China) consent solicitation
The consent solicitation included multiple tranches of outstanding senior notes
Davis Polk advised the sole solicitation agent in connection with a consent solicitation by Modern Land (China) Co., Limited of its outstanding 7.0%/9.0% senior notes due 2023, 8.0%/10.0% senior notes due 2024, 9.0%/11.0% senior notes due 2025, 9.0%/11.0% senior notes due 2026 and 9.0%/11.0% senior notes due 2027.
Modern Land (China) Co., Limited is a property developer focused on the development of green, energy-saving and eco-friendly residences in the PRC.
The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyers Moran Zhang and Sean Su. All members of the Davis Polk team are based in the Hong Kong office.