Nio offers repurchase option for Senior Notes due 2027, potential total cash price of $378.5 million

From Nasdaq MarketSite: 2024-12-26 06:22:56

Shanghai-based electric vehicle developer Nio Inc. has announced a repurchase right notification for its 0.50 percent Convertible Senior Notes due 2027. Holders can require the company to repurchase their notes in integral multiples of $1,000 on February 1, 2025, with a total cash purchase price of approximately $378.5 million if all notes are surrendered. The repurchase right period will run from December 30, 2024, to January 30, 2025. NIO’s stock is currently trading at $4.63, up 0.22 percent on the New York Stock Exchange.



Read more at Nasdaq MarketSite: Nio Announces Repurchase Right Notification For Senior Notes