Sunac China Holdings Limited Consent Solicitation
Davis Polk advised the solicitation agents in connection with a solicitation of consents by Sunac China Holdings Limited from the holders of its 12.5% senior notes due 2017 and the 9.375% senior notes due 2018 to certain amendments under the indentures governing such notes. The amendments were made to conform the indentures to the terms of Sunac China Holdings Limited’s 8.75% senior notes due 2019 issued on December 5, 2014.
Sunac China Holdings Limited, listed on the Hong Kong Stock Exchange, is an intergrated residential and commercial property developer with a focus on high-end and high-quality property developments in selected cities in China.
The Davis Polk corporate team included partner William F. Barron, registered foreign lawyer-counsel Gerhard Radtke, counsel Margie Chan and registered foreign lawyers Ying Su and Xuelin (Steve) Wang. The tax team included counsel Alon Gurfinkel and associate Lena X. Qiu. Members of the Davis Polk team are based in the Hong Kong and London offices.