Li Auto completes $716.8 million convertible notes put right offer

Li Auto Inc. (NASDAQ: LI; HKEX: 2015) completed its put right offer for 0.25% Convertible Senior Notes due 2028, the company announced. The offer expired at 5:00 p.m. New York time on April 29, 2026.

According to Deutsche Bank Trust Company Americas, the paying agent for the notes, $716,800,000 aggregate principal amount of notes were validly surrendered and not withdrawn before the offer's expiration. Li Auto forwarded cash payment to the paying agent for distribution to holders who exercised their put right.

Following the repurchase settlement, $145,700,000 aggregate principal amount of the notes will remain outstanding and continue under existing terms of the indenture and notes.

The Beijing-based electric vehicle manufacturer designs, develops, manufactures and sells smart electric vehicles in China's new energy vehicle market. The company started volume production in November 2019 and currently offers a family MPV, four Li L series extended-range electric SUVs, and two Li i series battery electric SUVs.

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