JOYY Inc. Announces the Results of the Repurchase Right Offer for its 1.375% Convertible Senior Notes due 2026
June 14 2024 - 7:30AM
JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global
technology company, today announced the results of its previously
announced repurchase right offer relating to its 1.375% Convertible
Senior Notes due 2026 (CUSIP No. 98426T AF3) (the “2026 Notes”).
The repurchase right offer expired at 5:00 p.m., New York City
time, on Thursday, June 13, 2024. Based on information from
Citibank, N.A. as the paying agent for the 2026 Notes,
US$405,445,000 aggregate principal amount of the 2026 Notes were
validly surrendered and not withdrawn prior to the expiration of
the repurchase right offer. The aggregate cash purchase price of
these 2026 Notes is US$405,445,000. The Company has accepted all of
the surrendered 2026 Notes for repurchase and has forwarded cash in
payment of the same to the paying agent for distribution to the
applicable holders. As June 15, 2024 is a Saturday, the paying
agent will pay the repurchase price for the 2026 Notes tendered and
the accrued interest on all of the 2026 Notes no later than Monday,
June 17, 2024, the next succeeding business day following the
repurchase date, pursuant to the indenture dated as of June 24,
2019 relating to the 2026 Notes.
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, https://ir.joyy.com.
About JOYY Inc.
JOYY is a leading global technology company with a mission to
enrich lives through technology. JOYY currently operates several
social products, including Bigo Live for live streaming, Likee for
short-form videos, Hago for multiplayer social networking, an
instant messaging product, and others. The Company has created a
highly engaging and vibrant user community for users across the
globe. JOYY’s ADSs have been listed on the NASDAQ since November
2012.
Investor Relations Contact
JOYY Inc.Jane Xie/Maggie YanEmail: joyy-ir@joyy.com
ICR, Inc.Robin YangEmail: joyy@icrinc.com
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