Form 6-K Alibaba Group Holding For: May 29

Go back to Form 6-K Alibaba Group Holding For: May 29

Alibaba (BABA) Completes $5B Convertible Notes Offering

May 30, 2024 6:09 AM EDT

Alibaba (NYSE: BABA) today announced the completion of its private offering of US$5 billion aggregate principal amount of 0.50% Convertible Senior Notes due 2031 (the Notes), which amount includes the exercise in full by the initial purchasers of their option to purchase an additional US$500 million aggregate principal amount of the Notes (the Option Exercise). In connection with the Option Exercise, the Company also entered into additional capped call transactions with one or more of the initial purchasers and/or their affiliates and/or other financial institutions, using US$63.75 million of the net proceeds from the sale... More