TAL Announces Agreements for US$3.3 Billion of Private Placement with Silver Lake and Other Investors
Share this article Share this article BEIJING, Dec. 28, 2020 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China, today announced that a group of investors has agreed to invest an aggregate of $3.3 billion in the Company through private placement, of which $2.3 billion is in convertible notes (the "Convertible Notes Portion"), and $1 billion is in newly issued Class A common shares (the "Equity Portion") of th...
Source: prnewswire.com