Ge Long Hui·2025-09-04 22:46Core Viewpoint - Alibaba-W (09988.HK) has initiated an exchange offer for its outstanding senior notes, aiming to manage its debt profile and optimize its capital structure [1] Group 1: Exchange Offer Details - The company is offering to exchange up to $1 billion of its 4.875% senior notes due in 2030 [1] - Additionally, the exchange includes up to $1.15 billion of its 5.250% senior notes due in 2035 [1] - The offer also encompasses up to $500 million of its 5.625% senior notes due in 2054 [1] Group 2: Regulatory Compliance - The exchanged notes are registered under the Securities Act of 1933 and its amendments [1] - The company is exchanging these notes for an equal principal amount of its outstanding senior notes that are due in the same years [1] - The outstanding notes were issued in a transaction exempt from registration under the Securities Act in November 2024 [1]