Press Release

Kirkland Advises on Convertible Senior Notes Offering of Li Auto

Kirkland & Ellis advised the initial purchasers on the Rule 144A global offering by Li Auto Inc. (NASDAQ: LI), an innovator in China’s new energy vehicle market, of its 0.25% convertible senior notes due 2028 in an aggregate principal amount of $862.5 million. The notes priced on April 7, 2021. The initial purchasers included Goldman Sachs (Asia) L.L.C., UBS Securities LLC, China International Capital Corporation Hong Kong Securities Limited, CLSA Limited and Barclays Capital Inc.

Read more in the Li Auto press release

The Kirkland team was led by transactional partner David Zhang and capital markets partners Steve Lin and Ben James, and included tax partner Anne Kim and associate Michael Conroy.