MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 16, 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 it has entered into an agreement (the "Purchase Agreement") with holders of 84.9% in aggregate principal amount of Yandex's $1.25 billion 0.75% Convertible Notes due 2025 (the "Notes") for the purchase of such holders' Notes by Yandex (the "Purchase"). The selling noteholders (the "Ad Hoc Group") are being advised by Weil, Gotshal & Manges (London) LLP and Houlihan Lokey EMEA LLP.
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