iQIYI buys back $1.2 billion 2% convertible senior notes due 2025

By Marisa Wong

Los Angeles, March 31 – iQIYI, Inc. announced the results of its repurchase offer relating to its 2% convertible senior notes due 2025 (Cusip: 46267XAD0).

The offer expired at 5 p.m. ET on March 30.

An aggregate principal amount of $1,197,625,000 was surrendered by the expiration of the offer, according to a Friday press release. The company will accept all of the surrendered notes for repurchase for a total cash purchase price of $1,197,625,000.

Citibank, NA is the paying agent.

The issuer is a Beijing-based online entertainment service provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.