Group 1 - The company announced the issuance of $500 million convertible preferred bonds maturing on June 1, 2032, with an annual interest rate of 2.25% [2][5] - The initial offering size was increased from $450 million to $500 million, with an option for qualified investors to purchase an additional $50 million within 13 days of the bond issuance [5] - The initial conversion rate is set at 30.2343 shares of ADS per $1,000 principal, translating to an initial conversion price of approximately $33.08 per ADS, representing a conversion premium of about 35% over the hedge sale price of $24.50 [6] Group 2 - The estimated net proceeds from the convertible bond issuance are approximately $486.1 million, or $534.9 million if the additional bond option is fully exercised, intended for working capital and refinancing existing debt [6] - The company disclosed a hedge placement of 6 million shares of ADS at a price of $24.50 per ADS, which will be lent to the underwriters' affiliates for sale [6] - The public offering of 5.2 million shares of ADS is priced at $24.50 per ADS, with underwriters granted a 30-day option to purchase up to an additional 780,000 shares at the same price [6]