Qifu Technology Announces Pricing of US$600 Million Convertible Senior Notes Offering
Shanghai, China – March 25, 2025 – Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660), a leading AI-empowered Credit-Tech platform in China, recently announced the pricing of its convertible senior notes offering. The Notes, with an aggregate principal amount of US$600 million, are due in 2030. This offering was made to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended.
Details of the Offering
The initial purchasers in the offering have been granted an option to purchase up to an additional US$90 million principal amount of the Notes, which can be exercised within a 13-day period beginning on, and including, the date on which the Notes are first issued.
Impact on Qifu Technology
The proceeds from this offering will primarily be used by Qifu Technology to repay its existing debt and fund potential future acquisitions and strategic investments. This move is expected to strengthen the Company’s financial position and provide it with greater flexibility to pursue growth opportunities.
Global Implications
Qifu Technology’s successful convertible senior notes offering is a significant development in China’s growing credit-tech sector. As more Chinese tech companies turn to the international debt markets to secure funding, this trend is likely to continue, further integrating China into the global financial system.
Future Prospects
The convertible senior notes offering represents an important step forward for Qifu Technology as it continues to expand its operations in China and beyond. By leveraging advanced AI technologies to provide credit solutions, the Company is poised to disrupt traditional financial services industries and create new opportunities for both consumers and businesses.
- Qifu Technology raises US$600 million through convertible senior notes offering
- Proceeds will be used to repay debt and fund strategic investments
- Offering strengthens Company’s financial position and increases flexibility
- China’s credit-tech sector continues to grow, with more companies turning to international debt markets
- Qifu Technology’s AI-empowered credit solutions are poised to disrupt traditional financial services industries
In conclusion, Qifu Technology’s successful convertible senior notes offering is a testament to the growing potential of China’s credit-tech sector. By securing significant funding, the Company is well-positioned to continue its expansion and leverage advanced AI technologies to disrupt traditional financial services industries. This trend is likely to accelerate as more Chinese tech companies turn to the international debt markets for funding, further integrating China into the global financial system.
