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NIO Inc | SC TO-I: Issuer tender offer statement

SEC announcement ·  Jan 3 13:00
Summary by Futu AI
NIO Inc., the electric vehicle manufacturer, has filed a Tender Offer Statement with the U.S. Securities and Exchange Commission (SEC) indicating its obligation to repurchase its 0.00% Convertible Senior Notes due 2026. The repurchase is in accordance with the terms set forth in the Indenture dated January 15, 2021, between NIO Inc. and The Deutsche Bank Trust Company Americas, as trustee. The repurchase offer, detailed in the company's Notice to Holders dated January 3, 2024, allows each holder of the Notes to require NIO Inc. to repurchase their Notes at 100% of the principal amount, plus any accrued and unpaid interest, with the repurchase date specified as February 1, 2024. Holders had the option to submit their Notes for repurchase from January 3, 2024, until the expiration date of...Show More
NIO Inc., the electric vehicle manufacturer, has filed a Tender Offer Statement with the U.S. Securities and Exchange Commission (SEC) indicating its obligation to repurchase its 0.00% Convertible Senior Notes due 2026. The repurchase is in accordance with the terms set forth in the Indenture dated January 15, 2021, between NIO Inc. and The Deutsche Bank Trust Company Americas, as trustee. The repurchase offer, detailed in the company's Notice to Holders dated January 3, 2024, allows each holder of the Notes to require NIO Inc. to repurchase their Notes at 100% of the principal amount, plus any accrued and unpaid interest, with the repurchase date specified as February 1, 2024. Holders had the option to submit their Notes for repurchase from January 3, 2024, until the expiration date of January 31, 2024. The company's financial condition is not considered material to the decision of the holders due to the cash consideration being paid and the absence of financing conditions. NIO Inc. is a public reporting company and its financial statements are available on EDGAR. The company plans to use its cash balance to fund the repurchase of the Notes and does not have alternative financing plans, as it has sufficient cash on hand to cover the repurchase.

This announcement is a separate document:

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