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Conyers Dill & Pearman provided British Virgin Islands and Cayman Islands legal advice to CAR Inc. (the “Company”) in connection with its issue of CNY350 million 6.5% Senior Notes due 2021 (the “Notes”), to be consolidated and form a single series with the CNY400 million 6.5% Senior Notes due 2021 (the “Original Notes”) issued by the Company on 4 April 2018.
CAR Inc. is primarily engaged in the car rental business in mainland China. The Company provides short-term and long-term car rentals and leasing, as well as sale of used rental vehicles.
Counsel Wynne Lau and Associate Ryan McConvey of Conyers’ Hong Kong office advised on the matter working alongside Davis Polk & Wardwell and Han Kun Law Offices.