Meituan-W (03690): Proposed issuance of RMB senior notes

Zhitong Finance App News, Meituan-W (03690) issued an announcement. The company proposes to sell notes internationally only to professional investors.

The completion of the proposed note issuance depends on market conditions and investor interest. As of the date of this announcement, the total principal amount, interest rate, payment date and certain other terms and conditions of the notes have not been determined. Once the terms of the bill are implemented, it is anticipated that the Company, the Joint Global Coordinator, the Joint Lead Manager and the Joint Bookkeeper, the Joint Lead Manager and the Joint Bookkeeper, and other initial buyers (if any) will enter into a purchase agreement.

The Company intends to use the net proceeds from the issuance of the proposed notes mainly for refinancing existing offshore debts and other general corporate purposes. In the event of an unforeseen event or change in business conditions, the Company may use the net proceeds from the issuance of the proposed notes for purposes different from those described above, subject to compliance with applicable laws and regulations in mainland China.