JOYY gives repurchase right notice for convertibles due 2026

By Marisa Wong

Los Angeles, April 12 – JOYY Inc. announced repurchase rights for its 1.375% convertible senior notes due 2026 (Cusip: 98426TAF3) in a press release on Friday.

As of April 11, $406,038,000 principal amount of the notes is outstanding.

Each holder may require the company to repurchase for cash any amount of their notes (so long as the amount is an integral multiple of $1,000 principal amount) on June 15.

The notes will be repurchased at par plus accrued interest.

The right exercise period begins at 9 a.m. ET on May 10 and expires at 5 p.m. ET on June 13. Tenders may be withdrawn before 5 p.m. ET on June 13.

The paying agent is Citibank, NA.

The company was known as YY Inc. when it issued the bonds on June 24, 2019.

JOYY is a video-based media company based in Singapore.

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