- Nio(NYSE:NIO) is notifying holders of its 4.50% Convertible Senior Notes due 2024 that pursuant to the Indenture dated asof February 4, 2019 relating to the Notes by and between the Company and The Bank of New York Mellon, each holder has the right, at the option of such holder, to require the Company to repurchase all of such holder’s Notes or any portion thereof that is an integral multiple of $1,000 principal amount for cash on February 1, 2022 (the “Repurchase Right”).
- The Repurchase Right expires at 5:00 p.m., New York City time, on Friday, January 28, 2022.
- As required by rules of the U.S. SEC, the Company will file a Tender Offer Statement on Schedule TO.
- As of December 30, 2021, there was $165,291,000.00 in aggregate principal amount of the Notes outstanding. If all outstanding Notes are surrendered for repurchase through exercise of the Repurchase Right, the aggregate cash purchase price will be US$165,291,000.00.
- The opportunity for Notes holders to exercise the Repurchase Right commences at 9:00 a.m., today, January 3, 2022, and will terminate at 5:00 p.m., NYC time, on Friday, January 28, 2022.
- In Q4, NIO delivered 25,034 vehicles and 10,489 units in December 2021.
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