iQIYI, Inc. Announces the Results of the Repurchase Right Offer for Its 2.00% Convertible Senior Notes due 2025
March 31 2023 - 9:16AM
iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading
provider of online entertainment video services in China, today
announced the results of its previously announced repurchase right
offer relating to its 2.00% Convertible Senior Notes due 2025
(CUSIP No. 46267XAD0) (the “Notes”). The repurchase right offer
expired at 5:00 p.m., New York City time, on Thursday, March 30,
2023. Based on information from Citibank, N.A. as the paying agent
for the Notes, US$1,197,625,000 aggregate principal amount of the
Notes were validly surrendered and not withdrawn prior to the
expiration of the repurchase right offer. The aggregate cash
purchase price of these Notes is US$1,197,625,000. The Company will
accept all of the surrendered Notes for repurchase and forward cash
in payment of the same to the paying agent for distribution to the
applicable holders.
Materials filed with the SEC will be available electronically
without charge at the SEC’s website, http://www.sec.gov. Documents
filed with the SEC may also be obtained without charge at the
Company’s website, http://ir.iqiyi.com/.
About iQIYI, Inc.
iQIYI, Inc. is a leading provider of online entertainment video
services in China. It combines creative talent with technology to
foster an environment for continuous innovation and the production
of blockbuster content. It produces, aggregates and distributes a
wide variety of professionally produced content, as well as a broad
spectrum of other video content in a variety of formats. The
Company distinguishes itself in the online entertainment industry
by its leading technology platform powered by advanced AI, big data
analytics and other core proprietary technologies. iQIYI attracts a
daily subscriber base of more than 100 million, and its diversified
monetization model includes membership services, online advertising
services, content distribution, online games, IP licensing, talent
agency, online literature, etc.
For further information, please contact:
Investor RelationsiQIYI, Inc.ir@qiyi.com
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