The Firm represented KKR in its purchase of KRW 400 billion (approximately USD 325 million) notes issued by TY Holdings Co., LTD. (“TY Holdings”), a public company in Korea. The notes are secured by certain assets of TY Holdings and are scheduled to mature in January 2027.
Established in 2020, TY Holdings is the holding company of the Taeyoung Group, a Korean business group with major operations in the construction, environment, media, leisure and logistics industries.
The Simpson Thacher team working on this deal included Jin Park, Ian Ho, Joongwon Park, William Son and Chanik Park (M&A – Hong Kong).