NIO Inc. Announces Completion of the Repurchase Right Offer for Its 0.00% Convertible Senior Notes due 2026
01 February 2024 - 8:51PM
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the
“Company”), a pioneer and a leading company in the premium smart
electric vehicle market, today announced that it has completed its
previously announced repurchase right offer relating to its 0.00%
Convertible Senior Notes due 2026 (CUSIP No. 62914VAE6) (the
“Notes”). The repurchase right offer expired at 5:00 p.m., New York
City time, on Wednesday, January 31, 2024. Based on information
from The Deutsche Bank Trust Company Americas, as the paying agent
for the Notes, US$300,536,000.00 aggregate principal amount of the
Notes (the “Repurchase Price”) were validly surrendered and not
withdrawn prior to the expiration of the repurchase right offer.
The Company has forwarded cash in payment of the Repurchase Price
to the Paying Agent for distribution to the Holders that had
validly exercised their Repurchase Right. Following settlement of
the repurchase, US$912,000.00 aggregate principal amount of the
Notes will remain outstanding and continue to be subject to the
existing terms of the Indenture and the Notes.
Materials filed with the SEC will be available
electronically without charge at the SEC’s
website, http://www.sec.gov. Documents filed with the SEC may
also be obtained without charge at the Company’s
website, http://ir.nio.com.
About NIO Inc.
NIO Inc. is a pioneer and a leading company in the premium smart
electric vehicle market. Founded in November 2014, NIO’s mission is
to shape a joyful lifestyle. NIO aims to build a community starting
with smart electric vehicles to share joy and grow together with
users. NIO designs, develops, jointly manufactures and sells
premium smart electric vehicles, driving innovations in
next-generation technologies in assisted and intelligent driving,
digital technologies, electric powertrains and batteries. NIO
differentiates itself through its continuous technological
breakthroughs and innovations, such as the industry-leading battery
swapping technologies, Battery as a Service, or BaaS, as well as
proprietary NIO Assisted and Intelligent Driving and its
subscription services. NIO’s product portfolio consists of the ES8,
a six-seater smart electric flagship SUV, the ES7 (or the EL7), a
mid-large five-seater smart electric SUV, the ES6 (or the EL6), a
five-seater all-round smart electric SUV, the EC7, a five-seater
smart electric flagship coupe SUV, the EC6, a five-seater smart
electric coupe SUV, the ET9, a smart electric executive flagship,
the ET7, a smart electric flagship sedan, the ET5, a mid-size smart
electric sedan, and the ET5T, a smart electric tourer.
For more information, please visit:
http://ir.nio.com
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