21vianet announces pricing of offering of us$525 million convertible senior notes

Beijing, jan. 22, 2021 (globe newswire) -- 21vianet group, inc. (nasdaq: vnet) (“21vianet” or the “company”), a leading carrier-neutral and cloud-neutral data center services provider in china, today announced the pricing of its previously announced offering (the “notes offering”) of us$525 million in aggregate principal amount of convertible senior notes due 2026 (the “notes”). the company granted the initial purchasers in the notes offering a 13-day option to purchase up to an additional us$75 million in aggregate principal amount of the notes. the company plans to use the net proceeds from the notes offering for expanding data center infrastructure, repaying the company's outstanding senior notes due 2021 and other general corporate purposes.
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