Bilibili inc. prices notes repurchases and equity offering

Shanghai, china, jan. 09, 2023 (globe newswire) -- bilibili inc. (nasdaq: bili and hkex: 9626) (“bilibili” or the “company”), an iconic brand and a leading video community for young generations in china, today announced the pricing of the offering of 15,344,000 american depositary shares (the “adss”), each representing one class z ordinary share, par value us$0.0001 per share, of the company (the “ads offering”), at us$26.65 per ads. the company entered into an equity underwriting and notes exchange agreement with goldman sachs (asia) l.l.c. (“goldman sachs”) dated january 9, 2023 in relation to the company's issuance of adss partially in exchange for (the “notes exchange”) an aggregate principal amount of us$384.8 million of its outstanding 0.50% convertible senior notes due december 2026 (the “exchange notes”) purchased by goldman sachs and its applicable affiliate(s) from the holders of such exchange notes in privately negotiated transactions. the net proceeds of the ads offering will be used, as a part of the company's comprehensive liability management exercise, (i) by goldman sachs to fund the aggregate purchase price of the exchange notes payable by goldman sachs to the holders of such exchange notes, and (ii) by the company to replenish the company's cash reserve after its repurchases of certain convertible senior notes in the fourth quarter of 2022 and for other working capital purposes.
BILI Ratings Summary
BILI Quant Ranking