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Conyers provided Cayman Islands legal advice to CAR Inc. (the “Company”) and to its British Virgin Islands subsidiary guarantors, China Auto Rental Investment Inc. and Main Star Global Limited, in connection with an offer to exchange any of the Company’s outstanding 6.125% Senior Notes due 2020 for its new issuance of 8.875% Senior Notes due 2022.
The Company is listed on the Main Board of the Stock Exchange of Hong Kong (699.hk) and primarily engages in the car rental business in mainland China. It provides short-term and long-term car rentals and leasing, as well as sale of used rental vehicles.
Counsel Wynne Lau and Associate Alexander Doyle of Conyers’ Hong Kong office advised on the matter working alongside Norton Rose Fulbright Hong Kong.