Information Agent for Sunac China Holdings Limited on its Restructuring

Morrow Sodali is pleased to announce that it acted as Information Agent for the successful restructuring of $10.2 billion offshore debt issued by Sunac China Holdings Limited. The deal represents an important milestone as it is the largest offshore restructuring completed by a Chinese property group and the first to be implemented by way of Hong Kong scheme of arrangement.

Key to the successful implementation were Morrow Sodali’s unique proprietary tools such as Portal (for form submission) and BondWatch (real-time reporting system), plus our expertise in restructuring which allowed us to process in a timely manner:

• nearly 3000 Accession Letters to the RSA

• nearly 4000 SWIFTS; and

• over 3000 Scheme voting formsWe worked with hand-in-hand with Sidley Austin, as legal advisor, Houlihan Lokey, as financial advisor. In turn, we received support from Mayer Brown.

For further information, please refer to the below articles:

https://www.sidley.com/en/newslanding/newsannouncements/2023/11/sidley-advises-sunac-china-holdings-limited-in-its-us-10-billion-offshore-debt-restructuring

https://hl.com/about-us/transactions/sunac?utm_source=linkedin&utm_medium=post-image&utm_term=2023-sunac-deal-announcement&utm_content=v1&utm_campaign=newsroom