Shandong Ruyi Technology Group $100 Million Senior Notes Offering

Davis Polk advised the sole global coordinator, sole bookrunner and sole lead manager on a Regulation S only offering of $100 million 6.95% senior notes due 2022 (to be consolidated and form a single class with the $200 million 6.95% senior notes due 2022 issued on July 5, 2017 after the SAFE Completion Event with respect to both the original notes and the new notes has occurred) by Prime Bloom Holdings Limited, a wholly owned subsidiary of Shandong Ruyi Technology Group Co., Ltd., guaranteed by Shandong Ruyi and Forever Winner International Development Limited.

Shandong Ruyi is a fashion brand operator based in the People’s Republic of China with integrated textile and apparel manufacturing capacity. Shandong Ruyi offers a wide range of product offerings, including wool and cotton based fabrics and apparel. 

The Davis Polk corporate team included partner William F. Barron, counsel Margie Chan and registered foreign lawyer Xuelin (Steve) Wang. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.