NIO 4.5% convertible holders have repurchase rights to Jan. 28

By Mary-Katherine Stinson

Lexington, Ky., Jan. 3 – NIO Inc. announced to the holders of its 4.5% convertible senior notes due 2024 (Cusips: 62914VAB2; G6525FAA0) that each holder has the right to require the company to repurchase all or some of their notes through 5 p.m. ET on Jan. 28, according to a press release.

Noteholders may have their notes repurchased in cash at par plus any interest to the settlement date on Feb. 1.

The record date is 5 p.m. ET on Jan. 15 and holders may withdraw their notes from the offer before 5 p.m. ET on Jan. 28.

As of Dec. 30, $165,291,000 of the notes are outstanding.

Details about the terms, conditions and procedures will be available through Depository Trust Co. and Bank of New York Mellon, the trustee and paying agent.

Questions can also be directed to the trustee by contacting CT_Reorg_Unit_Inquires@bnymellon.com.

Headquartered in Shanghai, NIO is a multinational automobile manufacturer specializing in electric vehicles.

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