Xinyuan Real Estate Co., Ltd. Announces Issuance of US$200 Million of 13.25%
Senior Notes Due 2018
BEIJING, May 3, 2013
BEIJING, May 3, 2013 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan"
or "the Company") (NYSE: XIN), a residential real estate developer with a
focus on high growth, strategic Tier II and III cities in China, today
announced the closing of its offering of US$200 million in aggregate principal
amount of 13.25% senior notes due 2018 (the "Notes"). The Notes are guaranteed
by certain of Xinyuan's subsidiaries and secured by a pledge of the capital
stock of certain of Xinyuan's subsidiaries. Xinyuan intends to use the net
proceeds of this offering to repay certain existing debts, invest in new real
estate projects in China and the United States and the remainder for general
The Notes were offered outside the United States pursuant to Regulation S
under the Securities Act of 1933, as amended (the "Securities Act"). The Notes
have not been registered under the Securities Act and may not be offered or
sold in the United States absent registration or applicable exemption from the
registration requirements. This press release does not constitute an offer to
sell the Notes, nor a solicitation for an offer to purchase the Notes in the
U.S. or any other jurisdiction.
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. is a developer of large scale, high quality
residential real estate projects aimed at providing middle-income consumers
with a comfortable and convenient community lifestyle. Xinyuan primarily
focuses on China's Tier II and III cities. Xinyuan's U.S. development arm, XIN
Development Group International, Inc. is a pioneer amongst Chinese real estate
residential developers, entering the U.S. market in 2012. Xinyuan is the first
real estate developer from China to be listed on the New York Stock Exchange.
For more information, please visit http://www.xyre.com.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking
statements" relating to the offering of the Notes and the anticipated use of
proceeds. These statements are made under the "safe harbor" provisions of the
U.S. Private Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Statements that are not historical
statements are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties that could cause actual results to differ
materially from those projected or anticipated, including, but not limited to,
our ability to continue to implement our business model successfully; our
ability to secure adequate financing for our project development; our ability
to successfully sell or complete our property projects under construction and
planning; our ability to enter into new geographic markets and expand our
operations; the marketing and sales ability of our third-party sales agents;
the performance of our third-party contractors; the impact of laws,
regulations and policies relating to real estate developers and the real
estate industry in China and, to the extent we expand operations into other
countries, such as the U.S., the laws, regulations and policies of such
countries; our ability to obtain permits and licenses to carry on our business
in compliance with applicable laws and regulations; competition from other
real estate developers; the growth of the real estate industry in China,
particularly Tier II and Tier III cities, and in our targeted areas in the
U.S.; fluctuations in general economic and business conditions in China, and,
to the extent we expand operation into other countries, such as the U.S., the
general economic and business conditions in such countries; and other risks
outlined in our public filings with the Securities and Exchange Commission,
including our annual report on Form 20-F for the year ended December 31,
2012. Except as required by law, we undertake no obligation to update or
review publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which the statement
Mr. Tom Gurnee
Chief Financial Officer
Tel: +86 (10) 8588-9390
Ms. Helen Zhang
Tel: +86 (10) 8588-9255
In U.S.: +1-646-308-1472
In China: +86 (10) 6583-7511
SOURCE Xinyuan Real Estate Co., Ltd.
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