Bilibili Inc. Prices Notes Repurchases and Equity Offering
09 Janeiro 2023 - 11:14AM
Bilibili Inc. (NASDAQ: BILI and HKEX: 9626) (“Bilibili” or the
“Company”), an iconic brand and a leading video community for young
generations in China, today announced the pricing of the offering
of 15,344,000 American depositary shares (the “ADSs”), each
representing one Class Z ordinary share, par value US$0.0001 per
share, of the Company (the “ADS Offering”), at US$26.65 per ADS.
The Company entered into an equity underwriting and notes exchange
agreement with Goldman Sachs (Asia) L.L.C. (“Goldman Sachs”) dated
January 9, 2023 in relation to the Company’s issuance of ADSs
partially in exchange for (the “Notes Exchange”) an aggregate
principal amount of US$384.8 million of its outstanding 0.50%
convertible senior notes due December 2026 (the “Exchange Notes”)
purchased by Goldman Sachs and its applicable affiliate(s) from the
holders of such Exchange Notes in privately negotiated
transactions. The net proceeds of the ADS Offering will be used, as
a part of the Company’s comprehensive liability management
exercise, (i) by Goldman Sachs to fund the aggregate purchase price
of the Exchange Notes payable by Goldman Sachs to the holders of
such Exchange Notes, and (ii) by the Company to replenish the
Company’s cash reserve after its repurchases of certain convertible
senior notes in the fourth quarter of 2022 and for other working
capital purposes.
Concurrently with the ADS Offering, Goldman
Sachs and its applicable affiliate(s), as duly engaged and
authorized by the Company, entered into separate and individually
negotiated agreements with certain holders of the Exchange Notes to
purchase the Exchange Notes from such holders for cash (the “Notes
Purchase”). The Notes Purchase will be funded by the net proceeds
from the ADS Offering. The closing of each Notes Exchange and Notes
Purchase is contingent upon, among other things, the closing of the
ADS Offering.
The ADSs are offered under the Company’s shelf
registration statement on Form F-3 (the “Form F-3”) which was filed
with the Securities and Exchange Commission (the “SEC”) and
automatically became effective on January 9, 2023. The ADS Offering
is being made only by means of a prospectus supplement and an
accompanying prospectus included in the Form F-3. The registration
statement on Form F-3 and the prospectus supplement are available
at the SEC website at: http://www.sec.gov. Copies of the prospectus
supplement and the accompanying prospectus may be obtained by
calling Goldman Sachs & Co. LLC, Prospectus Department, 200
West Street, New York, NY 10282, telephone: 1-866-471-2526,
facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer
to sell or a solicitation of an offer to purchase any securities,
nor shall there be a sale of the securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful.
This press release contains information about
the pending ADS Offering, Notes Exchange and Notes Purchase, and
there can be no assurance that any of the ADS Offering, Notes
Exchange or Notes Purchase will be completed.
About Bilibili Inc.
Bilibili is an iconic brand and a leading video
community with a mission to enrich the everyday life of young
generations in China. Bilibili offers a wide array of video-based
content with All the Videos You Like as its value proposition.
Bilibili builds its community around aspiring users, high-quality
content, talented content creators and the strong emotional bond
among them. Bilibili pioneered the “bullet chatting” feature, a
live commenting function that has transformed the viewing
experience by displaying thoughts and feelings of other audience
viewing the same video. It has now become the welcoming home of
diverse interests for young generations in China and the frontier
to promote Chinese culture across the world.
For more information, please visit:
http://ir.bilibili.com.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “confident,”
“potential,” “continue,” or other similar expressions. Bilibili may
also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission, in
its interim and annual reports to shareholders, in announcements,
circulars or other publications made on the website of The Stock
Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including but not limited
to statements about Bilibili’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: the impact of the COVID-19 pandemic on Bilibili’s
business, results of operations, financial condition, and stock
price; Bilibili’s strategies; Bilibili’s future business
development, financial condition and results of operations;
Bilibili’s ability to retain and increase the number of users,
members and advertising customers, provide quality content,
products and services, and expand its product and service
offerings; competition in the online entertainment industry;
Bilibili’s ability to maintain its culture and brand image within
its addressable user communities; Bilibili’s ability to manage its
costs and expenses; PRC governmental policies and regulations
relating to the online entertainment industry, general economic and
business conditions globally and in China and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company’s
filings with the Securities and Exchange Commission and the Hong
Kong Stock Exchange. All information provided in this announcement
is as of the date of the announcement, and the Company undertakes
no duty to update such information, except as required under
applicable law.
For investor and media inquiries, please
contact:
In China:
Bilibili Inc.Juliet YangTel: +86-21-2509-9255
Ext. 8523E-mail: ir@bilibili.com
The Piacente Group, Inc.Emilie WuTel:
+86-21-6039-8363E-mail: bilibili@tpg-ir.com
In the United States:
The Piacente Group, Inc.Brandi PiacenteTel:
+1-212-481-2050E-mail: bilibili@tpg-ir.com
Bilibili (NASDAQ:BILI)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Bilibili (NASDAQ:BILI)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024