VNET repurchases 30% of its 2027 convertible senior notes
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VNET Group, Inc. (NASDAQ: VNET), a China-based internet data center services provider, announced it has repurchased approximately $75.3 million in aggregate principal amount of its outstanding $250.0 million 2.00% Convertible Senior Notes due 2027.
The repurchases, representing approximately 30% of the outstanding notes, were conducted through privately negotiated transactions for an aggregate cash consideration, including accrued interest, of approximately $80.0 million.
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