Alibaba Group Prices US$2.65 Billion Offering of U.S. Dollar-denominated Senior Unsecured Notes and RMB17 Billion Offering of RMB-denominated Senior Unsecured Notes
20 Novembre 2024 - 12:57AM
Business Wire
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD
Counter) and 89988 (RMB Counter), “Alibaba,” “Alibaba Group” or the
“Company”) today announced the pricing of (i) an offering of
US$2.65 billion aggregate principal amount of U.S.
dollar-denominated senior unsecured notes, consisting of:
US$1,000,000,000 4.875% notes due 2030 at an
issue price per note of 99.838%; US$1,150,000,000 5.250% notes due
2035 at an issue price per note of 99.649%; and US$500,000,000
5.625% notes due 2054 at an issue price per note of 99.712%
(collectively, the “USD Notes”);
and (ii) an offering of RMB17 billion aggregate principal amount
of RMB-denominated senior unsecured notes, consisting of:
RMB8,400,000,000 2.65% notes due 2028 at an
issue price per note of 100%; RMB5,000,000,000 2.80% notes due 2029
at an issue price per note of 100%; RMB2,500,000,000 3.10% notes
due 2034 at an issue price per note of 100%; and RMB1,100,000,000
3.50% notes due 2044 at an issue price per note of 100%
(collectively, the “RMB Notes,” and together with the USD Notes,
the “Notes”).
The offering of the USD Notes is expected to close on November
26, 2024, and the offering of the RMB Notes is expected to close on
November 28, 2024, both subject to customary closing
conditions.
Alibaba intends to use the net proceeds from the offering of the
Notes for general corporate purposes, including repayment of
offshore debt and share repurchases.
The Notes have not been registered under the U.S. Securities Act
of 1933, as amended (the “U.S. Securities Act”) or any state
securities laws. The USD Notes are being offered and sold in the
United States only to persons reasonably believed to be qualified
institutional buyers pursuant to Rule 144A under the U.S.
Securities Act and to certain non-U.S. persons in offshore
transaction in reliance on Regulation S under the U.S. Securities
Act. Alibaba intends to enter into a registration rights agreement
in connection with the offering of the USD Notes, under which it
will agree to use commercially reasonable efforts to file an
exchange offer registration statement to exchange the USD Notes for
a new issue of substantially identical debt securities registered
under the Securities Act or, under specified circumstances, a shelf
registration statement to cover resales of the USD Notes. The RMB
Notes are being offered and sold only to certain non-U.S. persons
in offshore transaction in reliance on Regulation S under the U.S.
Securities Act.
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase any securities, in the United
States or elsewhere, and shall not constitute an offer,
solicitation or sale of the securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful. Any
offering of securities will be made by means of one or more
offering documents, which will contain detailed material
information about the Company and its management and financial
statements.
This press release contains information about the pending
offering of the Notes, and there can be no assurance that the
offering will be completed.
Safe Harbor Statement
This press release 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,” “expect,” “anticipate,” “future,” “aim,” “estimate,”
“intend,” “seek,” “plan,” “believe,” “potential,” “continue,”
“ongoing,” “target,” “guidance,” “is/are likely to” and similar
statements. In addition, statements that are not historical facts,
including statements about the intended use of proceeds, the terms
of the Notes, the intention of the Company to enter into a
registration rights agreement in connection with the offering of
the USD Notes and the terms of such agreement, and whether the
Company will complete the offering of the Notes, are or contain
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: financial
community and rating agency perceptions of the company and its
business, financial condition and the industries in which it
operates, market conditions, and the satisfaction of customary
closing conditions related to the proposed offering. Further
information regarding these and other risks is included in
Alibaba’s filings with the U.S. Securities and Exchange Commission
and announcements on the website of The Stock Exchange of Hong Kong
Limited. All information provided in this press release is as of
the date of this press release and are based on assumptions that we
believe to be reasonable as of this date, and Alibaba does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241119897976/en/
Investor Relations Contact Lydia Liu Investor Relations
Alibaba Group Holding Limited investor@alibaba-inc.com
Media Contacts Cathy Yan cathy.yan@alibaba-inc.com
Ivy Ke ivy.ke@alibaba-inc.com
Alibaba (NYSE:BABA)
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