BEIJING, Aug. 16, 2021
/PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU; HKEX: 9888)
("Baidu" or the "Company"), a leading AI company with strong
Internet foundation, today announced that it has filed a
preliminary prospectus supplement with the United States Securities
and Exchange Commission (the "SEC") under an automatic shelf
registration statement on Form F-3, pursuant to which the Company
proposes to sell senior notes.
The Company intends to use the net proceeds from the offering
for general corporate purposes, including repayment of certain
existing indebtedness. In addition, the Company plans to use an
equivalent amount of the net proceeds to finance or refinance, in
whole or in part, one or more of its new or existing Eligible
Projects, pursuant to its Sustainable Finance Framework. This
framework will be made available to investors via Baidu's Corporate
ESG website: esg.baidu.com.
The joint bookrunners of the offering are Goldman Sachs
(Asia) L.L.C, BofA Securities,
Inc. and J.P. Morgan Securities LLC.
This notice is not an offer of the securities for sale in
the United States of America. Any
public offering of these securities in the United States will be made by means of a
prospectus that contains detailed information about the issuer,
which prospectus may be obtained free of charge from EDGAR on the
SEC website at www.sec.gov. Alternatively, the Company, any
underwriter or any dealer participating in the offering will
arrange to send an investor the prospectus if the investor requests
it by calling Goldman Sachs & Co. toll-free at 1-866-471-2526,
BofA Securities, Inc. at 1-800-294-1322 or J.P. Morgan Securities
LLC at 1-212-834-4533. A registration statement relating to these
securities has been filed with the SEC and has become effective
under the U.S. Securities Act of 1933.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The securities referred to herein have not been and will not be
registered under the applicable securities laws of any jurisdiction
outside of the United States of
Founded in 2000, Baidu's mission is to make the complicated
world simpler through technology. Baidu is a leading AI company
with strong Internet foundation, trading on the NASDAQ under "BIDU"
and HKEX under "9888." One Baidu ADS represents eight Class A
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
"may," "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates," "confident," "is/are likely to"
and other similar expressions. Among other things, the description
of the proposed offering in this announcement contains
forward-looking statements. Baidu may also make written or oral
forward-looking statements in its periodic reports to the SEC, in
its annual report to shareholders, 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
Baidu'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: Baidu's
proposed use of proceeds from the sale of debt securities; its
operations and business prospects, its business and operating
strategies and its ability to implement such strategies, its
ability to develop and manage its operations and business,
competition for, among other things, capital, technology and
skilled personnel, its ability to control costs, its ability to
identify and conduct investments and acquisitions, as well as
integrate acquired target(s), changes to regulatory and operating
conditions in the industry and geographical markets in which we
operate, its dividend policy. Further information regarding these
and other risks is included in Baidu's annual report on Form 20-F,
Form F-3 and other documents filed with the SEC. Baidu does not
undertake an obligation to update any forward-looking statement,
except as required under applicable law. All information provided
in this press release is as of the date of the press release, and
Baidu undertakes no duty to update such information, except as
required under applicable law.
Investors Relations, Baidu, Inc.
SOURCE Baidu, Inc.