BEIJING, Dec. 3, 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 by a reopening of the Company's
existing 4.375% notes due 2024. 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. and J.P. Morgan
Securities LLC.
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
and J.P. Morgan Securities LLC at 1-212-834-4533. 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, registration
statement on 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.