Vnet Group Repurchases $75.3 Million of Convertible Senior Notes Due 2027
MT Newswires Live
Oct 27
Vnet Group (VNET) said Tuesday it repurchased about $75.3 million in aggregate principal amount of its outstanding 2% convertible senior notes due 2027, representing about 30% of the notes outstanding.
The company said the repurchases were completed through privately negotiated transactions for about $80 million in cash, including accrued interest.
Price: 3.78, Change: -0.15, Percent Change: -3.82
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.