Summary by Moomoo AI
On November 29, 2024, Bilibili announced the completion of its repurchase right offer for its 0.50% Convertible Senior Notes due 2026. The offer expired on November 27, 2024, at 5:00 p.m. New York City time.Deutsche Bank Trust Company Americas, acting as the paying agent, confirmed that $419,107,000 in aggregate principal amount of the Notes were validly surrendered and not withdrawn. Bilibili accepted all surrendered Notes for repurchase and forwarded the cash payment to the paying agent for distribution to the holders.Following the settlement, $13,300,000 in principal amount of the Notes remain outstanding. The repurchase was funded by Bilibili's cash on hand, and the transaction satisfies the disclosure requirements under Rule 13e-4(c)(4).
