Bilibili Announces Offerings Of $700 Mln Convertible Notes - BILI News | RalliesBilibili Announces Offerings Of $700 Mln Convertible Notes
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BILI• Proposed convertible notes, equity placement and share repurchases
- Bilibili Inc. announced proposed offerings of US$700 million convertible senior notes, concurrent equity placement and concurrent share repurchases.
- The board authorized a special share repurchase program of up to $300 million.
- The offering includes Tencent subscribing for $200 million of Bilibili convertible notes.
- Bilibili said it will repurchase $100 million of borrowed Class Z ordinary shares in the concurrent delta offering.
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