Simpson Thacher represented Kuaishou Technology (“Kuaishou”) in connection with its US$2 billion equivalent multiple-tranche, dual-currency senior notes offerings, including US$600 million 4.125% senior notes due 2031 and US$900 million 4.750% senior notes due 2036 offered in reliance on Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and CNY3.5 billion 2.450% senior notes due 2031 offered in reliance on Regulation S under the Securities Act.
Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou intends to use the net proceeds from the senior notes offerings for general corporate purposes.
The Simpson Thacher team included Yi Gao, Daniel Fertig, Christopher Wong, Carol Chan, Andrew Laub, June Hu and Christy Li (Capital Markets); Nicholas Ridley, Adam Lovell, Justin Browder (Investment Company Act); and Michael Mann (Tax).