Bilibili-W (09626) completed the sale of US$500 million convertible senior notes and the simultaneous repurchase of approximately US$100 million of Class Z common shares

According to the Zhitong Finance App, Bilibili-W (09626) announced the completion of its previously announced sale of convertible senior notes with a total principal amount of US$500 million due in 2031, as well as the simultaneous repurchase of approximately US$100 million of Class Z common shares. The company has also been advised by relevant financial institutions that the simultaneous placement of borrowed Class Z common shares to assist a number of note investors in hedging, as well as the secondary placement of Class Z common shares carried out by a subsidiary of Tencent Holdings Limited (collectively referred to as “Tencent”), was completed today. The settlement of Tencent's subscription notes with a total principal amount of $200 million and the company's repurchase of about 200 million US dollars of shares from Tencent will not be confirmed until the independent shareholders approve and agree to other customary delivery conditions at the company's special shareholders' meeting.