Meituan Multiple‑Tranche Dual‑Currency Senior Notes Offerings

Davis Polk advised Meituan in connection with its multiple‑tranche, dual‑currency senior notes offerings. The transaction comprised CNY-denominated offerings of CNY2.08 billion of 2.55% senior notes due 2030 and CNY5.00 billion of 3.10% senior notes due 2035, issued in reliance on Regulation S, and USD-denominated offerings of $600 million of 4.500% senior notes due 2031, $600 million of 4.750% senior notes due 2032 and $800 million of 5.125% senior notes due 2035, issued in reliance on Rule 144A and Regulation S. Meituan, whose shares are listed on the Hong Kong Stock Exchange, is China’s leading platform in local commerce and its leading on‑demand delivery service provider. Its one‑stop local commerce platform offers a wide range of categories and multiple fulfillment solutions, delivering goods and services through the Meituan app and other specialized apps to serve consumers’ daily needs. Davis Polk represented client Meituan with a team composed by: partners Li He and James C. Lin; counsel Bingqing Pan; associate Moran Zhang; registered foreign lawyer Sean Su (corporate team); associate Kelli A. Rivers (tax advice); counsel Matthew R. Silver and associate Felipe Munoz (Investment Company Act advice). Members of the Davis Polk team were based in the Hong Kong, New York and London offices.

Meituan Multiple‑Tranche Dual‑Currency Senior Notes Offerings

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