IQIYI, Inc. Announces the Results of the Repurchase Right Offer for Its 4.00% Convertible Senior Notes Due 2026
IQIYI, Inc. Announces the Results of the Repurchase Right Offer for Its 4.00% Convertible Senior Notes Due 2026
BEIJING, Aug. 01, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced the results of its previously announced repurchase right offer relating to its 4.00% Convertible Senior Notes due 2026 (CUSIP No. 46267XAE8) (the "Notes"). The repurchase right offer expired at 5:00 p.m., New York City time, on Tuesday, July 30, 2024. Based on information from Citibank, N.A. as the paying agent for the Notes, US$395,450,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate amount of the repurchase price of these Notes (including the aggregate principal amount of the Notes plus accrued and unpaid interest) (the "Repurchase Price") is US$397,471,188.84. 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$157,000 aggregate principal amount of the Notes will remain outstanding and continue to be subject to the existing terms of the Indenture and the Notes.
北京，2024年8月1日（环球通讯社）——中国领先的在线娱乐视频服务提供商爱奇艺公司（纳斯达克股票代码：IQ）（“爱奇艺” 或 “公司”）今天公布了其先前宣布的与2026年到期的4.00％可转换优先票据（CUSIP编号：46267XAE8）（“票据”）相关的回购权要约的结果。回购权要约于纽约时间2024年7月30日星期二下午5点到期。根据作为票据支付代理人的北卡罗来纳州花旗银行提供的信息，在回购权要约到期之前，票据本金总额395,45万美元已有效交还且未提取。这些票据的回购价格总额（包括票据的本金总额加上应计和未付利息）（“回购价格”）为397,471,188.84美元。公司已将支付回购价格的现金转交给付款代理人，以分配给已有效行使回购权的持有人。回购结算后，15.7万美元的票据本金总额将保持未偿还状态，并继续受契约和票据现有条款的约束。
About iQIYI, Inc.
关于 iQiyi, Inc.
iQIYI, Inc. is a leading provider of online entertainment video services in China. It combines creative talent with technology to foster an environment for continuous innovation and the production of blockbuster content. It produces, aggregates and distributes a wide variety of professionally produced content, as well as a broad spectrum of other video content in a variety of formats. iQIYI distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. Over time, iQIYI has built a massive user base and developed a diversified monetization model including membership services, online advertising services, content distribution, online games, IP licensing, talent agency, online literature, etc.
iQiyi, Inc. 是中国领先的在线娱乐视频服务提供商。它将创意人才与技术相结合，为持续创新和制作重磅内容营造环境。它制作、汇总和分发各种专业制作的内容，以及各种格式的各种其他视频内容。爱奇艺凭借其由先进的人工智能、大数据分析和其他核心专有技术提供支持的领先技术平台，在在线娱乐行业中脱颖而出。随着时间的推移，爱奇艺已经建立了庞大的用户群，并开发了多元化的盈利模式，包括会员服务、在线广告服务、内容分发、在线游戏、知识产权许可、人才中介、在线文学等。
For further information, please contact:
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Investor Relations
iQIYI, Inc.
ir@qiyi.com
投资者关系
爱奇艺有限公司
ir@qiyi.com