Tencent Music $800 million debut SEC-registered notes offering
Davis Polk advised Tencent Music Entertainment Group on its debut SEC-registered notes offering, consisting of $300 million of its 1.375% notes due 2025 and $500 million of its 2.000% notes due 2030.
Tencent Music is the largest online music entertainment platform in China, operating four out of China’s top five music mobile apps. Its platform is comprised of online music, online karaoke and music-centric live streaming products, supported by content offerings, technology and data. Tencent Music’s ADSs currently trade on the New York Stock Exchange.
The Davis Polk corporate team included partners Li He, Gerhard Radtke and James C. Lin, registered foreign lawyer Kevin Zhang and associates Pengyao (Raymond) Lai and Vivian Chow. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing and London offices.