Bilibili plans to raise up to US$1.6 billion through convertible note sale, using funds to enrich content and pay debt

//Bilibili plans to raise up to US$1.6 billion through convertible note sale, using funds to enrich content and pay debt

Bilibili plans to raise up to US$1.6 billion through convertible note sale, using funds to enrich content and pay debt

Bilibili said it plans to raise up to US$1.6 billion by issuing convertible debt, as the video-streaming and mobile gaming company navigates a challenging regulatory environment against the backdrop of Beijing’s crackdown on the technology sector.The Shanghai-based firm said it plans to sell US$1.4 billion of the convertible senior notes, which are set to mature on December 1, 2026, subject to market conditions and other factors, the company said in a stock exchange filing. Initial purchasers…

Article by [author-name] (c) Big Tech - South China Morning Post - Read full story here.

By | 2021-11-19T04:30:39+00:00 November 19th, 2021|Technology|Comments Off on Bilibili plans to raise up to US$1.6 billion through convertible note sale, using funds to enrich content and pay debt