RSS Nio Announces Repurchase Right Notification For Senior Notes

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 RSS Nio Announces Repurchase Right Notification For Senior Notes

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Shanghai-based electric vehicle manufacturer Nio Inc. (NIO) announced on Thursday a notification regarding the repurchase rights of its 0.50% Convertible Senior Notes, maturing in 2027.

Bondholders have the option to require Nio to repurchase either the entirety or a portion of their Notes, provided the amount is an integral multiple of $1,000 in principal, payable in cash, by February 1, 2025.

Significantly, if all outstanding Notes are repurchased, the total cash payout is estimated to amount to approximately $378.5 million.

The window for exercising this repurchase right will open on December 30, 2024, and close on January 30, 2025, according to the company's statement.

In pre-market trading, NIO's shares have risen by 0.22%, reaching $4.63 on the New York Stock Exchange.

The material has been provided by InstaForex Company - www.instaforex.com
 
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