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iQIYI 3.75% convertible holders surrender $746.79 million of notes
Chicago, Nov. 30 – iQIYI Inc. announced that holders of $746,793,000 of its 3.75% convertible senior notes due 2023 (Cusip: 46267XAB4) exercised their repurchase rights by the deadline at 5 p.m. ET on Nov. 29, according to a press release.
The company has accepted all of the surrendered notes for a cash payment of $746,793,000.
Depository Trust Co. and Citibank, NA is the paying agent.
iQIYI is a Beijing-based online entertainment service provider.
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