InfraCompute / Deals
VNET Group: 21Vianet 0% convertible senior notes due 2026
Convertible notes for VNET Group, US$600m, 22 January 2021.
Key terms
- Borrower or issuer
- VNET Group
- Date
- 22 January 2021
- Structure
- Convertible notes
- Amount
- US$600m
- Pricing
- 0% coupon; converts at about US$54 (about 40% premium)
- Tenor
- Due 1 Feb 2026
Recorded terms
- Lender type
- Bonds and securitisationsStructure: convertible
- Conversion terms
- Initial conversion price about US$54 a share, about a 40% premium.
- Tenor
- Due 1 Feb 2026
- Security
- Senior unsecured
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from VNET Group
Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 2
- Governing law
- Not stated in the filed text
- Quoted in the clause and contract libraries
- 0
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| SEC Form 6-K (financing announcement / closing) | 22 January 2021 | – | – |
| SEC Form 6-K/8-K Exhibit 99 (press release) | 22 January 2021 | – | – |
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Sources
- VNET Group: 21Vianet 0% convertible senior notes due 2026Source date: 22 January 2021
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
