27 June, 2019
Skadden advised YY Inc., a leading global social media platform based in China, on its Rule 144A/Regulation S offering of US$ 500 million in aggregate principal amount of convertible senior notes due 2025 and US$ 500 million in aggregate principal amount of convertible senior notes due 2026. The offering included the option for the initial purchasers to purchase an additional US$ 75 million in aggregate principal amount of the notes of each series. The offering closed on 25 June, 2019.
The Skadden team was led by partners Julie Gao and Jonathan Stone (both Hong Kong), Yossi Vebman (New York) and Haiping Li (Shanghai), with counsel Michael Ena (New York), Asia Pacific counsel Vincent Sze (Hong Kong), associates Yilin Xu (Hong Kong), Brandon Bailey (New York), Frank Xu (Beijing), and In Ho Kim (Hong Kong), and international legal consultant Xiaoqiu Huang (Shanghai).
