By Abigail W. Adams
Portland, Me., Feb. 24 – 21Vianet Group Inc. placed an additional $100 million 2% convertible notes due 2025 with a group of investors in a private placement, according to a company news release.
The notes carry the same terms and conditions as the $100 million convertible notes that were announced on Feb. 19.
The convertible notes that were placed on Feb. 19 carry a conversion price of $2.00 per ordinary share or $12.00 per ADS.
They will be redeemed at maturity at 115 plus accrued interest and are putable on the third anniversary of the issuance date at 109.
21Vianet Group is a Beijing-based internet data center service provider.
| Issuer: | 21Vianet Group Inc.
|
| Securities: | Convertible senior notes
|
| Amount: | $100 million
|
| Maturity: | 2025
|
| Coupon: | 2%
|
| Redemption price: | 115
|
| Conversion premium: | 26.56%
|
| Conversion price: | $2.00 per ordinary share or $12.00 per ADS
|
| Put options: | Putable in three years at 109
|
| Pricing date: | Feb. 24
|
| Stock symbol: | Nasdaq: VNET
|
| Market capitalization: | $1.62 billion
|
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