Yandex Agrees Indicative Terms for Purchase of Convertible Notes Following Amendment of Convertible Notes Terms

Jun 10, 2022

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 10, 2022 / Yandex N.V. ("Yandex"), a Dutch public limited company and the parent company of one of Europe's largest internet businesses, has announced that the terms of its $1.25 billion 0.75% Convertible Notes due 2025 (the "Notes") have been amended and that it has agreed terms with the steering committee of an ad hoc group of noteholders (the "Ad Hoc Group") for the purchase by Yandex and its subsidiary of Notes from participating noteholders (the "Purchase"). The Ad Hoc Group is being advised by Weil, Gotshal & Manges (London) LLP and Houlihan Lokey EMEA LLP.

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