GDS Holdings Limited has announced the closing of its offering of US$550 million in convertible senior notes due 2032. This recent development follows the full exercise by the initial purchasers of their option to purchase an additional US$50 million in aggregate principal amount of the notes. The notes were offered in a private placement to qualified institutional buyers under Rule 144A of the U.S. Securities Act of 1933. The offering was initially announced with a size of US$450 million, which was later upsized. Further details on the price, maturity date, and interest rate of the issuance were not provided in the announcement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.