BEIJING, March 16, 2018 /PRNewswire/ -- Baidu, Inc.
(NASDAQ: BIDU) ("Baidu" or the "Company"), the leading Chinese
language Internet search provider, today announced that it has
filed a preliminary prospectus supplement with the United States
Securities and Exchange Commission (the "SEC") under an automatic
shelf registration statement on Form F-3, pursuant to which the
Company proposes to sell senior notes. The Company intends to use
the net proceeds from the offering to repay existing indebtedness
and for general corporate purposes.
The joint bookrunners of the offering are Goldman Sachs
(Asia) L.L.C., J.P. Morgan
Securities LLC and BofA Merrill Lynch.
This notice is not an offer of the securities for sale in
the United States of America. Any
public offering of these securities in the United States will be made by means of a
prospectus that contains detailed information about the issuer,
which prospectus may be obtained free of charge from EDGAR on the
SEC website at www.sec.gov. Alternatively, the Company, any
underwriter or any dealer participating in the offering will
arrange to send an investor the prospectus if the investor requests
it by calling Goldman, Sachs & Co. toll-free at 1-866-471-2526,
J.P. Morgan Securities LLC at 1-212-834-4533 and Merrill Lynch,
Pierce, Fenner & Smith Incorporated toll-free at
1-800-294-1322. A registration statement relating to these
securities has been filed with the SEC and has become effective
under the U.S. Securities Act of 1933.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The securities referred to herein have not been and will not be
registered under the applicable securities laws of any jurisdiction
outside of the United States of
America.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search
provider. Baidu aims to make a complex world simpler through
technology. Baidu's ADSs trade on the NASDAQ Global Select Market
under the symbol "BIDU." Currently, ten ADSs represent one
Class A ordinary share.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, the description of the proposed offering in this
announcement contains forward-looking statements. Baidu may also
make written or oral forward-looking statements in its periodic
reports to the SEC, in its annual report 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 Baidu'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: Baidu's
proposed use of proceeds from the sale of debt securities; its
growth strategies, its future business development, including
development of new products and services; its ability to attract
and retain users and customers; competition in the Chinese Internet
search market; competition for online marketing customers; changes
in Baidu's revenues and certain cost or expense items as a
percentage of its revenues; the outcome of ongoing, or any future,
litigation or arbitration, including those relating to intellectual
property rights; the expected growth of the Chinese language
Internet search market and the number of Internet and broadband
users in China; Chinese
governmental policies relating to the Internet and Internet search
providers and general economic conditions in China, Japan
and elsewhere. Further information regarding these and other risks
is included in Baidu's annual report on Form 20-F, Form F-3 and
other documents filed with the SEC. All information provided in
this press release is as of the date of the press release, and
Baidu undertakes no duty to update such information, except as
required under applicable law.
Contacts
Investors Relations, Baidu, Inc.
Tel: +86-10-5992-4958
Email: ir@baidu.com
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SOURCE Baidu, Inc.