Bilibili Announces Completion of Repurchase Offer for Convertible Senior Notes

Shanghai, Nov. 29, 2024 (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 that it has completed its previously announced repurchase right offer relating to its 0.50% Convertible Senior Notes due 2026 (CUSIP No. 090040AF3) (the “Notes”). The repurchase right offer expired at 5:00 p.m., New York City time, on Wednesday, November 27, 2024. Based on information from Deutsche Bank Trust Company Americas as the paying agent for the Notes, US$419,107,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate cash purchase price of these Notes is US$419,107,000. The Company has accepted all of the surrendered Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders.

Implications for Individuals

For individual investors holding Bilibili’s Convertible Senior Notes, the completion of the repurchase offer signifies a resolution to this particular investment. Depending on the terms of the repurchase offer, investors may have either received cash in return for surrendering their Notes or opted to retain their investment until maturity. Either way, this event highlights the importance of staying informed about corporate actions that can impact one’s investment portfolio.

Global Impact

The completion of Bilibili’s repurchase offer for its Convertible Senior Notes could have broader implications for the global financial market. By successfully repurchasing a significant amount of its outstanding debt, Bilibili demonstrates its financial stability and commitment to managing its capital structure efficiently. This move may instill confidence in investors and creditors, potentially leading to improved credit ratings and better access to capital in the future.

Conclusion

In conclusion, Bilibili’s completion of the repurchase offer for its Convertible Senior Notes marks a significant milestone for the company and its stakeholders. By proactively managing its debt obligations, Bilibili showcases its financial discipline and strategic foresight. This event not only impacts individual investors holding the Notes but also carries broader implications for the global financial landscape. Moving forward, it will be interesting to see how Bilibili leverages this development to drive future growth and innovation.