Vnet announces proposed offering of senior notes

Beijing, oct. 29, 2021 (globe newswire) -- vnet group, inc. (nasdaq: vnet) (“vnet” or the “company”), a leading carrier-neutral and cloud-neutral data center services provider in china, today announced a proposed offering (the “notes offering”) of u.s. dollars denominated senior notes (the “notes”) subject to market conditions and other factors. the company plans to use the net proceeds from the notes offering for funding future capital needs and general corporate purposes. the notes are expected to be rated b2 by moody's and b by s&p.
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