Bilibili Inc. Announces Repurchase Right Notification for 1.25% Convertible Senior Notes due 2027
Globenewswire·2025-05-13 11:00

Core Viewpoint - Bilibili Inc. is notifying holders of its 1.25% Convertible Senior Notes due 2027 about their right to require the company to repurchase these notes for cash on June 15, 2025, under the terms of the Indenture [1][3]. Summary by Sections Repurchase Right - Holders of the Notes can exercise the 2025 Repurchase Right from May 14, 2025, to June 12, 2025, allowing them to require the company to repurchase all or a portion of their Notes [1][2]. - The repurchase price will be 100% of the principal amount plus accrued and unpaid interest up to June 15, 2025 [3]. Repurchase Procedures - To exercise the 2025 Repurchase Right, holders must follow specific transmittal procedures through the Depository Trust Company (DTC) [4][5]. - Holders must ensure that any physical certificates are properly signed and delivered to the Paying Agent before the expiration time [4]. Financial Details - As of May 13, 2025, there is an aggregate principal amount of US$92,000 of the Notes outstanding, meaning the total cash purchase price if all Notes are repurchased would be US$92,000 [3]. Contact Information - Holders can refer to the Indenture for complete repurchase procedures and can contact Deutsche Bank Trust Company Americas for any inquiries regarding the mechanics of the repurchase [8][9].