Gds announces private placement of us$620 million 0.25% convertible senior notes due 2029 and strategic cooperation agreement with sequoia china

Shanghai, china, feb. 21, 2022 (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 that it has entered into agreements to sell us$620 million in aggregate principal amount of 0.25% convertible senior notes due 2029 (the “notes”) to sequoia china infrastructure fund i (“scif”), st telemedia global data centres (“stt gdc”), and an asian sovereign wealth fund which has a strategic relationship with gds (collectively, the “investors”).
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