Skadden advised long-standing client, Grab Holdings Limited (“Grab”), on an upsized offering of US$1.5 billion zero coupon convertible senior notes due 2030. The offering was upsized from the previously announced offering of US$1.25 billion convertible senior notes due 2030.
Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors.
For more information, please see the company’s press release here.
The team was led by partners Jonathan Stone (Hong Kong) and Rajeev Duggal (Singapore), and included Asia Pacific Counsel Zachary Levine (Singapore) and associate In Ho Kim (Singapore), corporate, as well as partner Yossi Vebman (New York) and counsel Yan Shurin (New York), derivatives; partner Michael Hoffman (New York), investment management; partner Sean Shimamoto (Houston) and associate Robert Chou (Palo Alto), tax; Asia Pacific Counsel Rosanna Passmore (Hong Kong), banking; counsel Beatriz Paterno (Singapore), litigation; Of Counsel Andrew Brady (Washington, D.C.), SEC Reporting & Compliance; and associates Nathanial Hall (New York) and Mason Walther (New York), capital markets.
