VNET accepts for purchase $600 million put convertibles due 2026

By Marisa Wong

Los Angeles, Jan. 31 – VNET Group, Inc. announced the results of its repurchase right offer relating to its 0% convertible senior notes due 2026 (Cusip: 90138VAB3).

As of Dec. 28, when the repurchase right offer was announced, there was $600 million principal amount of the notes outstanding.

Holders had surrendered all $600 million of the notes, and the company has accepted all of the surrendered notes for repurchase, according to a Wednesday press release.

The notes will be repurchased on Feb. 1 at par plus accrued interest to but excluding the repurchase date.

The offer ran from 9 a.m. ET on Jan. 2 until 5 p.m. ET on Jan. 30.

Citicorp International Ltd. is the trustee. Citibank, NA is the paying agent.

Based in Beijing, VNET is a carrier- and cloud-neutral internet data center services provider in China.

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