Skadden advises long-standing client Baidu, Inc., a leading AI company with a strong Internet foundation, on its CNY10 billion CNY-denominated senior unsecured notes offering (the “Notes Offering”).
The Notes Offering consists of CNY7.5 billion of 2.70% notes due 2030 and CNY2.5 billion of 3.00% notes due 2035. The transaction is expected to close on or about March 12, 2025, subject to the satisfaction of customary closing conditions.
The Skadden team was led by Corporate Partners Shu Du, Jonathan Stone and Paloma Wang, with Counsels Kenneth Chase and Lillian Lian and Associates Derek Li, Emma Xu and Ares Yiu.
