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6-K: Alibaba Offers $4.5 Billion Convertible Senior Notes

6-K: Alibaba Offers $4.5 Billion Convertible Senior Notes

6-K:阿裏巴巴發售45億美元可轉換優先票據
美股sec公告 ·  05/24 18:05
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Alibaba Group Holding Limited announced the pricing of a private offering of US$4,500 million in 0.50% Convertible Senior Notes due 2031 on May 23, 2024. The offering, which is expected to close on May 29, 2024, includes an option for initial purchasers to buy an additional US$500 million in Notes. The net proceeds, estimated at approximately US$4,436 million (or US$4,930 million if the additional Notes are purchased), will be used for a concurrent repurchase of Alibaba's American depositary shares (ADSs) under its existing share repurchase program, future share repurchases, and to fund the cost of entering into capped call transactions. The Notes will be senior unsecured obligations, maturing on June 1, 2031, with interest payable semi-annually. Alibaba has also entered into capped call transactions to potentially...Show More
Alibaba Group Holding Limited announced the pricing of a private offering of US$4,500 million in 0.50% Convertible Senior Notes due 2031 on May 23, 2024. The offering, which is expected to close on May 29, 2024, includes an option for initial purchasers to buy an additional US$500 million in Notes. The net proceeds, estimated at approximately US$4,436 million (or US$4,930 million if the additional Notes are purchased), will be used for a concurrent repurchase of Alibaba's American depositary shares (ADSs) under its existing share repurchase program, future share repurchases, and to fund the cost of entering into capped call transactions. The Notes will be senior unsecured obligations, maturing on June 1, 2031, with interest payable semi-annually. Alibaba has also entered into capped call transactions to potentially reduce dilution upon conversion of the Notes or offset cash payments required, subject to a cap. The initial conversion rate is set at 9.5202 ADSs per US$1,000 principal amount, representing a 30% premium over the last reported sale price of Alibaba's ADSs on the NYSE. The Notes, the ADSs, and the ordinary shares have not been registered under the Securities Act and are being offered to qualified institutional buyers and certain non-U.S. persons in offshore transactions. The completion of the Notes Offering and the share repurchase program is not guaranteed.
阿里巴巴集團控股有限公司宣佈,定價爲45億美元,其0.50%的可轉換優先票據將於2024年5月23日到期,將於2031年到期。此次發行預計將於2024年5月29日結束,包括初始購買者可以選擇額外購買5億美元票據。淨收益估計約爲44.36億美元(如果購買額外票據,則爲49.3億美元),將用於同時回購阿里巴巴現有股票回購計劃下的美國存托股票(ADS)、未來股票回購以及支付上限看漲期權交易的成本。這些票據將是優先無擔保債務,將於2031年6月1日到期,利息每半年支付一次。阿里巴巴還進行了上限看漲期權交易,以減少票據轉換後的稀釋或抵消所需的現金支付,但有上限。初始轉換率設定爲每1,000美元本金9.5202個ADS,比上次公佈的阿里巴巴ADS在紐約證券交易所的銷售價格高出30%。票據、美國存託憑證和普通股尚未根據《證券法》註冊,而是通過離岸交易向合格的機構買家和某些非美國人發行。不能保證票據發行和股票回購計劃的完成。
阿里巴巴集團控股有限公司宣佈,定價爲45億美元,其0.50%的可轉換優先票據將於2024年5月23日到期,將於2031年到期。此次發行預計將於2024年5月29日結束,包括初始購買者可以選擇額外購買5億美元票據。淨收益估計約爲44.36億美元(如果購買額外票據,則爲49.3億美元),將用於同時回購阿里巴巴現有股票回購計劃下的美國存托股票(ADS)、未來股票回購以及支付上限看漲期權交易的成本。這些票據將是優先無擔保債務,將於2031年6月1日到期,利息每半年支付一次。阿里巴巴還進行了上限看漲期權交易,以減少票據轉換後的稀釋或抵消所需的現金支付,但有上限。初始轉換率設定爲每1,000美元本金9.5202個ADS,比上次公佈的阿里巴巴ADS在紐約證券交易所的銷售價格高出30%。票據、美國存託憑證和普通股尚未根據《證券法》註冊,而是通過離岸交易向合格的機構買家和某些非美國人發行。不能保證票據發行和股票回購計劃的完成。

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