NIO’s repurchase offer expires; no notes surrendered

By Mary-Katherine Stinson

Lexington, Ky., Jan. 31 – NIO Inc. announced that none of the holders of its 4.5% convertible senior notes due 2024 (Cusips: 62914VAB2; G6525FAA0) exercised their rights to require the company to purchase some or all of their notes by the expiration of the offer, according to a press release.

The offer expired at 5 p.m. ET on Jan. 28.

As previously reported, $165,291,000 of the notes were outstanding as of Dec. 30.

Bank of New York Mellon was the trustee and paying agent.

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

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