Vnet announces us$250 million investment from blackstone

Beijing, jan. 28, 2022 (globe newswire) -- vnet group, inc. (nasdaq: vnet) (“vnet” or the “company”), a leading carrier- and cloud-neutral internet data center services provider in china, today announced that funds managed by blackstone tactical opportunities (nyse: bx) (“blackstone”), the world's largest alternative investment firm, have agreed to make an investment in vnet by purchasing us$250 million of convertible notes (the “notes”). the notes have a term of five years and carry interest at 2% per annum.
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