New York and Hong Kong – August 16, 2005 – LAWFUEL – The Law News Network – Debevoise & Plimpton LLP advised SK Telecom and Momenta (Cayman) on a US-SEC registered offering and Momenta (Cayman)’s sale of 47.9 million American Depositary Shares (ADS) of SK Telecom, valued at approximately US$1.03 billion. The offering was made in connection with the sale of ADSs of SK Telecom held by Momenta (Cayman) in order to refinance exchangeable notes issued by Momenta (Cayman) in 2002 in the aggregate amount of US$1.25 billion, which became due and payable on August 1, 2005.
SK Telecom is the leading wireless telecommunications service provider in Korea. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, London, Paris, Frankfurt, Washington, Moscow, Hong Kong and Shanghai.
The Debevoise team was led out of the firm’s Hong Kong office by partner Thomas M. Britt III and international counsel Mark J. Lee and included associates David Cho and Heon-Yup Lee in Hong Kong, partners Alan H. Paley and Burt Rosen and associates Huey-Fun Lee and Julia Rubin in New York, partner Kenneth J. Berman and associate Francis S. Kuo in Washington, D.C., and partner James C. Scoville, international counsel Christopher Mullen and associate Colin Scagell in London.