Gds announces proposed offering of us$450 million convertible senior notes

Shanghai, china, may 27, 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 commencement of a proposed offering (the “notes offering”) of convertible senior notes in an aggregate principal amount of us$450 million due 2032 (the “notes”), subject to market conditions and other factors, 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”). the company expects to grant the initial purchasers in the notes offering an option to purchase up to an additional us$50 million in aggregate principal amount of the notes, exercisable for settlement within a 13-day period, beginning on, and including, the first date on which the notes are issued.
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