Qifu Technology Announces Completion of US$780 Million Convertible Notes Offering
Shanghai, China – March 27, 2025
Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660), a leading AI-empowered Credit-Tech platform in China, recently announced the successful completion of its offering of convertible senior notes (the “Notes Offering”) in an aggregate principal amount of US$780 million. The offering included the initial purchasers’ full exercise of their option to purchase an additional US$90 million principal amount of the Notes.
Details of the Offering
The Notes have been offered to qualified institutional buyers (QIBs) pursuantant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes are unsecured senior obligations of the Company, and interest will be payable semi-annually in arrears. The Notes will mature on March 1, 2030.
Impact on Qifu Technology
The proceeds from the Notes Offering will be used by Qifu Technology for general corporate purposes, including potential acquisitions and strategic investments. This offering represents a significant financial boost for the company, allowing it to further expand its operations and enhance its AI-driven credit technology platform.
Impact on Consumers
As a leading Credit-Tech platform in China, Qifu Technology’s advanced AI technology is designed to help consumers access credit more easily and efficiently. With the proceeds from the Notes Offering, the company can invest in research and development, as well as potential acquisitions, to enhance its platform and improve the user experience for consumers.
Impact on the Global Market
The successful completion of Qifu Technology’s Notes Offering is a positive sign for the global technology market, particularly for companies specializing in AI and credit technology. This offering demonstrates investors’ confidence in the potential growth and profitability of these sectors, and could lead to increased investment and innovation in the future.
Conclusion
Qifu Technology’s completion of its US$780 million Notes Offering is a significant milestone for the company, and is expected to have a positive impact on both the company and the global technology market. With the proceeds from the offering, Qifu Technology can continue to expand its operations and enhance its AI-driven credit technology platform, providing consumers with even more efficient and accessible credit solutions.
- Qifu Technology completes US$780 million Notes Offering
- Proceeds to be used for general corporate purposes and potential acquisitions
- Positive impact on Qifu Technology and the global technology market
- Demonstrates investor confidence in AI and credit technology sectors
