DaFa Properties Group Limited Announces Partial Repurchase and Cancellation of 9.95% Senior Notes Due in January 2022
October 29, 2021 at 06:00 am EDT
DaFa Properties Group Limited dated 11 January 2021, 19 January 2021, 20 January 2021, 10 June 2021 and 11 June 2021 in relation to the Company's 9.95% senior notes due in January 2022. On 29 October 2021, the Company repurchased the Notes in an aggregate principal amount of USD 95,500,000 representing approximately 34.1% of the aggregate principal amount of the Notes originally issued. The Company will cancel the Repurchased Notes in accordance with the terms of the Notes and its indentures. After cancellation of the Repurchased Notes, the aggregate principal amount of the Notes that remains outstanding is USD 184,500,000, representing approximately 65.9% of the aggregate principal amount of the Notes originally issued.