5 June, 2020
Skadden advised Bilibili, Inc., a leading online entertainment platform for young generations in China, on its offering of US$700 million in aggregate principal amount of convertible senior notes due 2027.
The notes have been sold to qualified institutional buyers in reliance of Rule 144A and to certain persons in offshore transactions in reliance of Regulation S under the Securities Act. The Company plans to use the net proceeds from the offering to enrich content offerings, research and development, and other general corporate purposes. The offering was priced on 28 May 2020 (US time).
The Skadden corporate team was led by partners Julie Gao (Hong Kong), Jonathan Stone (Hong Kong) and Haiping Li (Shanghai), with Yuting Wu, Counsel (Shanghai), Vincent Sze, Asia-Pacific Counsel (Hong Kong), Rebecca Le Yang, Associate (Hong Kong), Xiaoxi Gong, International Legal Project Manager (Shanghai) and Wei Luo, International Legal Project Manager (Shanghai).
