The wing of airplane on beautiful sky blue and beautiful cloud and sun
Our Work

Latham Advises on’s US$1.5 Billion Convertible Senior Notes Offering

June 14, 2024
Cross-border team represents the initial purchasers on offering by leading global travel service provider.

Latham & Watkins has advised the initial purchasers on Group Limited’s ( offering of US$1.5 billion in aggregate principal amount of convertible senior notes due 2029. The transaction represents the largest securities issuance and financing transaction in the global online travel agency industry to date in 2024. is a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management. The company plans to use the net proceeds from the notes offering for repayment of existing financial indebtedness, expansion of its overseas business, and working capital needs.

Latham previously advised the underwriters on the secondary listing and US$1.07 billion initial public offering of on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).

The Latham team was led by Hong Kong partners Posit Laohaphan and Benjamin Su and New York partner Reza Mojtabaee-Zamani, with Hong Kong counsel Eric Yiu, New York counsel Polina Tulupova, New York associate Jack Neff, and Hong Kong associates Christine Lo, Andrew Yau, Stewart Lai, Chimmy Tao, Baihan Li, and Eunice Chan. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Sam Yang.