Paul Hastings Represents Credit Suisse in US$114 Million GDR Offering
Seoul (February 14, 2013) - Paul Hastings, a leading global law firm, announced today that it represented Credit Suisse as the sole bookrunner in the US$114 million global depositary receipts (GDRs) offering by Seoul-headquartered Youngone Corporation (Youngone).
Youngone is a Korea-based original equipment manufacturer (OEM) of outdoor sportswear, shoes and backpacks for the likes of Nike and North Face. It plans to use the proceeds from its offering mainly for capital expenditures, expansion of manufacturing facilities at different overseas sites, and for general corporate purposes.
The successful closing of this transaction marks the first international equity offering this year from Korea.
Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.