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Bilibili | SC TO-I: Issuer tender offer statement

SEC announcement ·  Feb 20 19:22
Summary by Futu AI
Bilibili Inc., a leading video community platform in China, has filed a Tender Offer Statement with the U.S. Securities and Exchange Commission (SEC) to repurchase its 1.375% Convertible Senior Notes due 2026. The repurchase offer, which is not subject to any financing conditions, was announced on February 20, 2024, and allows Note holders to require the company to repurchase their Notes at 100% of the principal amount, plus accrued and unpaid interest. The offer commenced on February 29, 2024, and will expire on March 28, 2024, with the repurchase date set for April 1, 2024. Bilibili plans to use its cash balance to fund the repurchase and has stated that the financial condition of the company is not material to the decision of Note holders to tender their Notes. The company's ADSs are traded on the Nasdaq Global Select Market under the ticker symbol 'BILI' and on the Main Board of the Hong Kong Stock Exchange under the stock code '9626'.
Bilibili Inc., a leading video community platform in China, has filed a Tender Offer Statement with the U.S. Securities and Exchange Commission (SEC) to repurchase its 1.375% Convertible Senior Notes due 2026. The repurchase offer, which is not subject to any financing conditions, was announced on February 20, 2024, and allows Note holders to require the company to repurchase their Notes at 100% of the principal amount, plus accrued and unpaid interest. The offer commenced on February 29, 2024, and will expire on March 28, 2024, with the repurchase date set for April 1, 2024. Bilibili plans to use its cash balance to fund the repurchase and has stated that the financial condition of the company is not material to the decision of Note holders to tender their Notes. The company's ADSs are traded on the Nasdaq Global Select Market under the ticker symbol 'BILI' and on the Main Board of the Hong Kong Stock Exchange under the stock code '9626'.
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