Convertibles Calendar: GDS on tap

May 30

GDS HOLDINGS LTD:

• $250 million seven-year convertible senior notes

• Price talk for coupon of 1.75% to 2.25% and initial conversion premium of 30% to 35%

• Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC

• Rule 144A and Regulation S

• Greenshoe of $50 million

• Non-callable

• Investor put on June 1, 2023 and upon a fundamental change

• Proceeds for the development or acquisition of new data centers, for repayment of outstanding debt and for general corporate purposes

• Shanghai-based developer and operator of data centers

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