Gds announces closing of offering of us$550 million convertible senior notes and full exercise of option to purchase additional notes

Shanghai, china, may 30, 2025 (globe newswire) -- gds holdings limited (“gds holdings”, “gds” or the “company”) (nasdaq: gds; hkex: 9698), a leading developer and operator of high-performance data centers in china, today announced the closing of its previously announced offering of 2.25% convertible senior notes in an aggregate principal amount of us$550 million due 2032 (the “notes”), which amount reflects the exercise in full by the initial purchasers of their option to purchase an additional us$50 million in aggregate principal amount of the notes (collectively, the “notes offering”). the notes were offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”).
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