Davis Polk advised the joint lead managers in connection with the Regulation S offering of $200 million 8.25% notes due 2022 by Hilong Holding Limited.

Concurrently with the notes offering, Davis Polk advised the dealer managers in connection with a cash tender offer by Hilong Holding Limited for any and all of its outstanding 7.25% senior notes due 2020.

Hilong is an integrated oilfield equipment and service provider operating in the PRC and international markets, with a focus on oilfield equipment manufacturing and services, oilfield services, line pipe technology and services as well as offshore engineering services.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan, registered foreign lawyer Moran Zhang and associate Cathy Yuen. The tax team included counsel Alon Gurfinkel and associate Summer Xia. Members of the Davis Polk team are based in the Hong Kong and London offices.