Dafa Properties Group Limited Announces Partial Repurchase of 12.875% Senior Notes Due in July 2021
June 11, 2021 at 06:13 am EDT
DaFa Properties Group Limited wit reference to announcements dated 5 July 2019, 13 November 2019 and 21 December 2020 in relation to the company's 12.875% senior notes due 2021. On 11 June 2021, the company purchased the Notes in the open market in an aggregate principal amount of USD 66,700,000, representing approximately 22.23% 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 213,300,000, representing approximately 71.1% of the aggregate principal amount of the Notes originally issued.