Alibaba Group Announces Pricing of Offering of US$7.0 Billion of Senior Unsecured Notes
November 29 2017 - 6:27PM
Business Wire
Alibaba Group Holding Limited (“Alibaba”) (NYSE:BABA) today
announced the pricing of an underwritten registered public offering
of US$7.0 billion aggregate principal amount of senior unsecured
notes, consisting of:
US$700,000,000 2.800% notes due 2023 at an
issue price per note of 99.853%;
US$2,550,000,000 3.400% notes due 2027 at an
issue price per note of 99.396%;
US$1,000,000,000 4.000% notes due 2037 at an
issue price per note of 99.863%;
US$1,750,000,000 4.200% notes due 2047 at an
issue price per note of 99.831%; and
US$1,000,000,000 4.400% notes due 2057 at an
issue price per note of 99.813% (collectively, the “notes”).
The offering is expected to close on December 6, 2017, subject
to customary closing conditions.
Alibaba plans to use the net proceeds for general corporate
purposes.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor will there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction. An automatic shelf registration
statement (including a prospectus) relating to the offering of debt
securities was filed with the SEC on November 24, 2017 and became
effective upon filing. The offering of the notes will be made only
by means of a prospectus included in that registration statement,
the preliminary prospectus supplement and the final prospectus,
when available.
This press release contains information about the pending
offering of the notes, and there can be no assurance that the
offering will be completed.
This press release may contain statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “propose,”
“plan,” “expect” and similar expressions are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements, including statements relating to the
timing and completion of the Company’s proposed offering, are not
guarantees of future performance or results or the completion of
any offering on any announced terms, or at all, and involve risks
and uncertainties, and that actual results, developments or timing
of events may differ materially from those in the forward-looking
statements as a result of various factors, including financial
community and rating agency perceptions of the company and its
business, operations, financial condition and the industries in
which it operates, market conditions, the satisfaction of customary
closing conditions related to the proposed offering and the factors
described in the company’s filings with the Securities and Exchange
Commission, including the sections entitled “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” contained therein. The company disclaims any
obligation to update any forward-looking statements contained
herein, except as required under applicable law.
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version on businesswire.com: http://www.businesswire.com/news/home/20171129006332/en/
Alibaba GroupAPAC:Cathy Yan, +852 9012
5806cathy.yan@alibaba-inc.comorAmericas:Brion Tingler, +1
917 528 1992brion.tingler@alibaba-inc.comorEMEA:Maja Hauke,
+44 (0) 20 7 3958330maja.hauke@alibaba-inc.com
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