Hong Kong – Skadden Advises Bilibili, Inc. On Its US$1.6 Billion First Sustainable Convertible Notes Offering.

25 November 2021
 

Skadden advised Bilibili, Inc., a leading online entertainment platform for young generations in China, in its Rule 144A/Reg S offering of convertible notes due 2026 with US$1,400 million in aggregate principal amount.  This is Bilibili's first sustainable bonds offering. The initial purchasers exercised their option to purchase an additional US$200 million principal amount of the notes, for a total offer value of US$1.6 billion.

 

The Skadden team was led by partners Julie Gao (Hong Kong), Jonathan Stone (Hong Kong), Haiping Li (Shanghai), and Yuting Wu (Shanghai), with Asia Pacific Counsel Vincent Sze (Hong Kong), and associates Weiwei Chen (Hong Kong), Sonia Char (Hong Kong), Xiaoxi Gong (Shanghai), Wei Luo (Shanghai) and Lingeng Zhuang (Hong Kong).