21Vianet Group, Inc. Announces the Pricing of USD200 Million Notes
August 10 2017 - 4:01PM
21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), a
leading carrier-neutral Internet data center services provider in
China, today announced that the Company has priced the offering of
USD200 million in aggregate principal amount of the USD-denominated
notes due 2020 at an interest rate of 7.00% per annum (the
"Notes"). The Notes are being offered outside the United States in
reliance on Regulation S under the Securities Act of 1933, as
amended.
Interest on the Notes is payable semi-annually
in arrears on, or nearest to, August 17 and February 17 in each
year, beginning on August 17, 2017. The Notes are not rated. The
holders of the Notes will have the right, at their option, to
require the Company to repurchase for cash all of their Notes or
any portion of the principal thereof that is equal to US$200,000 or
integral multiples of US$1,000 in excess thereof on August 17,
2019.
The Company intends to use the Notes proceeds to
refinance outstanding indebtedness, fund future capital needs, and
for general corporate purposes.
The Company has received approval in principal
for the Notes to be listed and quoted on the Official List of the
Singapore Exchange Securities Trading Limited (the “SGX-ST”).
Admission of the Notes to the Official List of SGX-ST is not to be
taken as an indication of the merits of the Company and its
subsidiary or affiliated entities or the Notes.
Barclays, China Industrial Securities
International, Credit Suisse, and Orient Securities (Hong Kong) are
acting as the joint global coordinators, joint book-runners, and
joint lead managers for the transaction. VTB Capital is acting as a
joint book-runner and joint lead manager for the transaction.
The Company expects to close the offering of the
Notes on or about August 17, 2017, subject to the satisfaction of
customary closing conditions.
This press release shall not constitute an offer
to sell or a solicitation of an offer to purchase any of the Notes,
and shall not constitute an offer, solicitation or sale of the
Notes in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful. No public offering of the
Notes will be made in the United States, and the Company does not
intend to register any part of the offering in the United
States.
This press release contains information about
the pending offering of the Notes, and there can be no assurance
that the offering will be completed.
About 21Vianet
21Vianet Group, Inc. is a leading
carrier-neutral Internet data center services provider in China.
21Vianet provides hosting and related services, managed network
services, cloud services, content delivery network services,
last-mile wired broadband services and business VPN services,
improving the reliability, security and speed of its customers'
Internet infrastructure. Customers may locate their servers and
networking equipment in 21Vianet's data centers and connect to
China's Internet backbone through 21Vianet's extensive fiber optic
network. In addition, 21Vianet's proprietary smart routing
technology enables customers' data to be delivered across the
Internet in a faster and more reliable manner. 21Vianet operates in
more than 30 cities throughout China, servicing a diversified and
loyal base of more than 4,000 hosting enterprise customers that
span numerous industries ranging from Internet companies to
government entities and blue-chip enterprises to small- to
mid-sized enterprises.
Safe Harbor Statement
This announcement contains forward-looking
statements. These forward-looking statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Among other things, quotations from management in this announcement
as well as 21Vianet's strategic and operational plans contain
forward-looking statements. 21Vianet may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about 21Vianet's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: 21Vianet's goals and strategies;
21Vianet's expansion plans; the expected growth of the data center
services market; expectations regarding demand for, and market
acceptance of, 21Vianet's services; 21Vianet's expectations
regarding keeping and strengthening its relationships with
customers; 21Vianet's plans to invest in research and development
to enhance its solution and service offerings; and general economic
and business conditions in the regions where 21Vianet provides
solutions and services. Further information regarding these and
other risks is included in 21Vianet's reports filed with, or
furnished to, the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of this press release, and 21Vianet undertakes no
duty to update such information, except as required under
applicable law.
CONTACT: Investor Relations Contact:
Calvin Jiang
+86 10 8456 2121
IR@21Vianet.com
ICR, Inc.
Xueli Song
+1 (646) 405-4922
IR@21Vianet.com
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