February 2005
Client – Hanarotelecom incorporated
Deal description – Advised the Issuer, Hanaro Telecom, on its issue of the US$500 million 7% Notes due 2012 in accordance with the provisions of Regulation S and Rule 144A. This is a high yield financing for the acquisition of Korea Thrunet by Hanaro Telecom
Was this transaction cross-border? YES
Financial value of the deal US$500,000,000
Date of closing 1 February 2005
Did this deal involve any cross-selling efforts? Please describe. N/A
Interesting / complex aspects Merger Covenant and Sale/Leaseback Covenant and Change of Control Redemption Event
Clifford Chance partners / lawyers advising Bob Trefny (Partner – London), George Kleinfeld (Counsel – Washington), Ezekiel Arlin (Associate – NY), Avrohom Gelber (Associate – NY), Shireen Khoo (Associate – HK), Ian Reid (Associate – HK)
Other law firms involved and who they represented Kim & Chang – Issuer’s Korean Counsel
Bae, Kim and Lee – Underwriters’ Korean Counsel
Davis Polk & Wardwell – Underwriters’ US Counsel
List all non-legal parties involved and their role Allen & Gledhill – Singapore Listing Agent
Audin Deloitte – Auditors
Deutsche Bank Trust Company Americas – Trustee and Paying Agent
Who to contact for further details Bob Trefny, Partner – London), telephone: +44 20 7006 2180, email: robert.trefny@cliffordchance.com
Asabe Makele, Regional Communications Manager, Asia – Hong Kong, telephone: +852 2826 2401, email: asabe.makele@cliffordchance.com
