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BRIEF-Guorui Properties says issue of US$300 mln senior notes due 2020
March 15, 2017 / 1:29 AM / 6 months ago

BRIEF-Guorui Properties says issue of US$300 mln senior notes due 2020

March 15 (Reuters) - Guorui Properties:

* Issue of us$300,000,000 7.00% senior notes due 2020

* Estimated net proceeds of notes issue, after deduction of underwriting discounts and commissions and other estimated expenses to be us$295 million

* Company intends to use the proceeds for refinancing certain of existing indebtedness and for general working capital purposes

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