Lenovo in $1.5 Billion Notes Offering

May 8, 2014

Cleary Gottlieb represented Lenovo Group Limited in its $1.5 billion offering of 4.700% notes due 2019. This transaction is Lenovo’s first international debt offering, and the Notes are listed on The Stock Exchange of Hong Kong. The offering priced on April 29 and closed on May 8.

Lenovo is the world's largest PC vendor and fourth largest smartphone company. It was founded in China in the 1980s and its ordinary shares are listed on The Stock Exchange of Hong Kong. Lenovo expanded its business and operations to a global scale through the acquisition of IBM’s PC division in 2005.