Wheel loader maker in US$350 million IPO
June 17, 2011 | BY
clpstaff &clp articlesPRC construction machinery manufacturer, Lonking Holdings (Lonking) has issued US$350 million high-yield notes due 2016. One of Lonking's core businesses…
PRC construction machinery manufacturer, Lonking Holdings (Lonking) has issued US$350 million high-yield notes due 2016. One of Lonking's core businesses is producing wheel loaders.
The initial purchasers of the Rule 144A/Regulation S offering were Credit Suisse Securities and Standard Chartered Bank.
Sidley Austin advised Lonking as to US and Hong Kong law aspects, and Fujian Lihan Law Firm served as its PRC law counsel. The initial purchasers were represented on Chinese law by Jun He Law Offices, and on Hong Kong and US law by a Hong Kong-based Davis Polk & Wardwell team led by William Barron, Gerhard Radtke and Zhan Chen. Cayman Islands counsel to the issuer was Conyers Dill & Pearman.
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