We advised the issuer and the guarantor on the offering

Davis Polk advised New Lionbridge Co., Ltd. on its $150 million Regulation S offering of 5.800% guaranteed senior notes due 2022. The notes are unconditionally and irrevocably guaranteed by Lionbridge Capital Co., Limited with the benefit of a keepwell deed provided by CCB Trust Co., Ltd.

Lionbridge Capital Co., Limited is a leading services platform for commercial vehicles in China. It is a platform that covers the full lifecycle of commercial vehicles, from primary sales and vehicle operations to vehicle support and used vehicle transactions.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyer Lyuning He. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team were based in the Hong Kong and London offices.