Financing ·
Bilibili Inc. completed a US$500 million offering of convertible senior notes due September 2031 and concurrently…
BILIBilibili Inc.
Bilibili Inc. completed a US$500 million offering of convertible senior notes due September 2031 and concurrently repurchased approximately US$100 million of its Class Z ordinary shares. The company also finalized the placement of borrowed shares for investor hedging and a secondary sale of 26,374,900 shares by Tencent at HK$115.38 per share. These transactions are separate from pending agreements where Tencent will subscribe to an additional US$200 million in notes, contingent on shareholder approval at an extraordinary general meeting. Bilibili operates as a leading video community and online entertainment platform for young generations in China.