CK Hutchison Holdings $1 billion notes offering
We advised CK Hutchison Holdings on the investment-grade notes offering
Davis Polk advised CK Hutchison International (24) (II) Limited as issuer and CK Hutchison Holdings Limited (CKHH) as guarantor in connection with their dual-tranche $1 billion aggregate principal amount of notes offering, which comprises $500 million 4.375% guaranteed green notes due 2030 and $500 million 4.750% notes due 2034.
CKHH is a Hong Kong-based multinational conglomerate that operates four core business divisions in about 50 countries, including ports and related services; retail; infrastructure and telecommunications; and finance and investments and other operations. Its investments and operations span Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada and the United States.
The Davis Polk corporate team included partners James C. Lin and Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyer Sean Su. The tax team included counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin. The Investment Company Act team included counsel Sarah E. Kim and associate Victoria Glass. Members of the Davis Polk team are based in the Hong Kong, New York and London offices.