GREENTOWN CHINA (03900) plans to issue $350 million 8.45% senior notes due in 2028.

GREENTOWN CHINA (03900) announced that on February 13, 2025, the company, its guarantors, Deutsche Bank, HSBC, Guotai Junan International, J.P. Morgan, Soochow (Hong Kong), and UBS have entered into a subscription agreement for the issuance and sale of $350 million USD principal amount of 8.45% senior notes due 2028. The company intends to use the net proceeds for the refinancing of existing indebtedness, including but not limited to providing funds for concurrent tender offers.