Cases & Deals

  • Home
  • Practices
  • Citicorp International acts as trustee in $1 billion Rule 144A and Regulation S offering by Qihoo 360 Technology

Share

Citicorp International acts as trustee in $1 billion Rule 144A and Regulation S offering by Qihoo 360 Technology

August 2014

Client(s) Citicorp International Limited

Jones Day represented Citicorp International Limited, as trustee, in connection with the $1 billion aggregate principal amount of Convertible Senior Notes due 2020 and Convertible Senior Notes due 2021 in a Rule 144A and Regulation S offering by Qihoo 360 Technology Co. Ltd., a leading antivirus software company.

The Notes were sold to qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended, and non-U.S. persons in offshore transactions in compliance with Regulation S under the Securities Act. The Notes are Convertible into Qihoo 360's American Depositary Shares. The 2020 Notes accrue interest at an annual rate of 0.50%. The 2021 Notes accrue interest at an annual rate of 1.75%.

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.