GDS Holdings completes $299.91 million repurchase of 2% convertibles

By Mary-Katherine Stinson

Lexington, Ky., June 1 – GDS Holdings Ltd. completed the repurchase of $299.91 million of its 2% convertible senior notes due 2025 (Cusips: 36165LAA6, 36165LAB4, G3902LAA7) due to the holders’ exercise of repurchase rights, according to a press release.

Noteholders had the right to require the company to repurchase all or any portion of their notes in multiples of $1,000 principal amount for cash on June 1.

The repurchased notes will be canceled.

Following cancellation, $80,000 of the notes will be outstanding.

GDS Holdings is a Shanghai-based developer and operator of data centers in China.

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