SEOUL – Jan. 23, 2024 – Global law firm Greenberg Traurig, LLP represented SK Battery America, Inc. in its Reg. S offering of US$500 million 4.875% Guaranteed Senior Unsecured Green Notes due 2027, which were unconditionally and irrevocably guaranteed by Kookmin Bank. BNP PARIBAS, Citigroup, Crédit Agricole CIB, HSBC, J.P. Morgan, MUFG, and Standard Chartered Bank were the joint bookrunners for the offering. The offering priced Jan. 16 and closed Jan. 23. The notes were listed on the Singapore Exchange.
SK Battery America is a wholly owned subsidiary of SK On, a leading battery manufacturer for electric vehicles and electronic storage systems with manufacturing facilities in the United States, China, and Europe. SK On is a wholly owned subsidiary of SK Innovation, an intermediate holding company of SK group – one of the largest conglomerates in Korea.
The Greenberg Traurig attorneys leading the transaction were Shareholder Eun Sang Hwang and Associate Byoungjoo Lee in the Seoul office. Shareholder Justin E. Mann in the Delaware office provided Delaware law advice, and Shareholder James M. Maynor, Jr. in the Northern Virginia office provided U.S. tax advice.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.