Skadden has advised long-standing client Trip.com Group Limited (“Trip.com Group”), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, on the Rule 144A offering of its US$1.5 billion cash-par settled 0.75% convertible senior notes due 2029, including the initial purchasers’ full exercise of option to purchase an additional US$200 million in aggregate principal amount of the notes. The notes offering was completed on June 7, 2024.
The Skadden team was led by Corporate Partner Haiping Li (Hong Kong) with Partner Jonathan Stone (Hong Kong), the team also includes Counsel Kenneth Chase (Hong Kong) and Vincent Sze (Hong Kong), Asia Pacific Counsel Peter Pang (Shanghai), Associate Xiaoqiu Huang (Hong Kong), and International Legal Project Manager Matthew Ge (Hong Kong). Partner Paloma Wang (Hong Kong), Counsel Lillian Lian (Hong Kong) and Associate Julia Liu (Hong Kong), Partner Danny Tricot (London) and Partner Thomas Wood (Washington D.C.) provided advice on Hong Kong law and Hong Kong Listing Rules, English law, and tax matters, respectively.
