The Company may redeem for cash all or any part of the Notes on or after June 6, 2028 if the last reported sale price of the Class Z ordinary shares has been at least 130% of the conversion price for the Notes then in effect for at least 20 trading days, whether or not consecutive, during any 30 consecutive trading day period preceding the date on which the Company provides notice of redemption (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption (the "Optional Redemption”).
SHANGHAI, May 21, 2025 (GLOBE NEWSWIRE) -- Bilibili Inc.("Bilibili” or the "Company”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced the proposed offering (the "Notes Offering”) of US$500 million in aggregate principal amount of convertible senior notes due 2030 (the "Notes”), subject to market conditions and other factors, only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act”).
Concurrently with the Notes Offering, a certain number of the Company’s Class Z ordinary shares are proposed to be borrowed from third parties and offered in a separate underwritten offering by Goldman Sachs (Asia) L.L.C.and Morgan Stanley Asia Limited (the "Underwriters”), each acting severally on behalf of itself and/or its respective affiliates (the "Concurrent Delta Offering”).
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