GDS Holdings Limited Completes Offering of US$300 Million 2% Convertible Senior Notes
06.18.18
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Simpson Thacher represented GDS Holdings Limited (“GDS”) in connection with its offering of US$300 million aggregate principal amount of 2% Convertible Senior Notes due 2025 (the “Notes”). The offering was made pursuant to Rule 144A and Regulation S, and included the exercise in full of the option to purchase an additional US$50 million principal amount of the Notes granted by GDS. J.P. Morgan, RBC Capital Markets and Citigroup acted as representatives of the initial purchasers in the offering.
GDS is a leading developer and operator of high-performance data centers in China. Its ADSs are traded on the NASDAQ Global Select Market under the symbol “GDS.”
The Simpson Thacher team for the transaction included Daniel Fertig, Howie Farn and Andrew Laub (Corporate); Joyce Y. Xu (Derivatives); and Jacqueline Clinton and Christopher J. Murray (Tax).