China – Skadden Advises NIO Inc. On Its US$ 1.5 Billion Convertible Notes Offering.

2 February 2021
 

Skadden advised NIO Inc., a pioneer in China’s premium smart electric vehicle market, in its US$1.5 billion Rule 144A/Regulation S offering of convertible senior notes in two tranches: US$750 million of zero coupon convertible senior notes due 2026 and US$750 million of 0.50% convertible senior notes due 2027.  The offering closed on 19 January 2021.

 

The Skadden team was led by partners Julie Gao (Hong Kong), Jonathan Stone (Hong Kong) and Yossi Vebman (New York), with Counsels Yuting Wu (Shanghai) and Michael Ena (New York), Asia Pacific Counsel Vincent Sze (Hong Kong), associates In Ho Kim (Seoul) and Yiting Li (Shanghai), and international legal consultants Fang Yuan (Shanghai) and Wei Luo (Shanghai).