FOSHAN, China, Aug. 3, 2022
/PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright
Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global
premier education service company, today announced that it has
redeemed all of its outstanding senior notes matured (the
"Redemption") on July 31, 2022 (the
"Maturity Date"). The redemption price included the principal
amount of all outstanding Senior Notes of US$223,984,000 and the interest of US$8,343,404 accrued till the day before the
Maturity Date. The redemption price paid by the Company on the
Maturity Date is US$232,327,404.
The Company believes the Redemption will not have an adverse and
material impact on its financial position. Upon the completion of
the Redemption, all senior notes have been cancelled and delisted
from the official list of the Hong Kong Stock Exchange.
About Bright Scholar Education Holdings
Bright Scholar is a global premier education service company,
which primarily provides quality international education to global
students and equip them with the critical academic foundation and
skillsets necessary to succeed in the pursuit of higher education.
Bright Scholar also complements its international offerings with
Chinese government-mandated curriculum for students who wish to
maintain the option of pursuing higher education in
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements include,
without limitation, the Company's business plans and development,
which can be identified by terminology such as "may," "will,"
"expect," "anticipate," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. Such statements are based upon management's
current expectations and current market and operating conditions
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond the Company's control, which
may cause the Company's actual results, performance or achievements
to differ materially from those in the forward-looking statements.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required
SOURCE Bright Scholar Education Holdings Ltd.