Bilibili completes US$500 million convertible senior notes offering due 2031
BILI•Convertible notes offering and related share transactions close
Bilibili completed a marketed offering of USD 500 million convertible senior notes due 2031.
The transaction also included a concurrent repurchase of about USD 100 million of Class Z ordinary shares.
A borrowed-share placement to facilitate investor hedging, alongside a Tencent secondary share placement, also closed.
Tencent’s planned USD 200 million additional note subscription remains subject to independent shareholder approval and customary closing conditions.
A separate plan for Bilibili to repurchase about USD 200 million of its shares from Tencent is also pending shareholder approval.
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