NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a
leading company in the premium smart electric vehicle market, today
announced that it is notifying holders of its 4.50% Convertible
Senior Notes due 2024 (CUSIP No. 62914VAB2; G6525FAA0) (the
“Notes”) that pursuant to the Indenture dated as of February 4,
2019 (the “Indenture”) relating to the Notes by and between the
Company and The Bank of New York Mellon, as trustee, each holder
has the right, at the option of such holder, to require the Company
to repurchase all of such holder’s Notes or any portion thereof
that is an integral multiple of US$1,000 principal amount for cash
on February 1, 2022 (the “Repurchase Right”). The Repurchase Right
expires at 5:00 p.m., New York City time, on Friday, January 28,
2022.
As required by rules of the United States Securities and
Exchange Commission (the “SEC”), the Company will file a Tender
Offer Statement on Schedule TO. In addition, documents specifying
the terms, conditions and procedures for exercising the Repurchase
Right will be available through the Depository Trust Company and
the paying agent, which is The Bank of New York Mellon. None of the
Company, its board of directors or its employees has made or is
making any representation or recommendation to any holder as to
whether to exercise or refrain from exercising the Repurchase
Right.
The Repurchase Right entitles each holder of the Notes to
require the Company to repurchase all of such holder's Notes or any
portion thereof that is an integral multiple of US$1,000 principal
amount. The repurchase price for such Notes will be equal to 100%
of the principal amount of the Notes to be
repurchased, plus any accrued and unpaid interest to, but
excluding, February 1, 2022, which is the date specified for
repurchase in the Indenture (the “Repurchase Date”), subject to the
terms and conditions of the Indenture and the Notes. The Repurchase
Date is an interest payment date under the terms of the Indenture
and the Notes. Accordingly, on February 1, 2022, the Company will
pay accrued and unpaid interest on all of the Notes through January
31, 2022, to all holders who were holders of record as of 5:00
p.m., New York City time, on Saturday, January 15, 2022, regardless
of whether the Repurchase Right is exercised with respect to such
Notes. On the Repurchase Date, there will be no accrued and unpaid
interest on the Notes. As of December 30, 2021, there was
US$165,291,000.00 in aggregate principal amount of the Notes
outstanding. If all outstanding Notes are surrendered for
repurchase through exercise of the Repurchase Right, the aggregate
cash purchase price will be US$165,291,000.00.
The opportunity for holders of the Notes to exercise the
Repurchase Right commences at 9:00 a.m., New York City time today,
January 3, 2022, and will terminate at 5:00 p.m., New York City
time, on Friday, January 28, 2022. In order to exercise the
Repurchase Right, a holder must follow the transmittal procedures
set forth in the Company’s Repurchase Right Notice to holders (the
“Repurchase Right Notice”), which is available through the
Depository Trust Company and The Bank of New York Mellon. Holders
may withdraw any previously tendered Notes pursuant to the terms of
the Repurchase Right at any time prior to 5:00 p.m., New York City
time, on Friday, January 28, 2022, which is the second business day
immediately preceding the Repurchase Date, or as otherwise provided
by applicable law.
This press release is for information only and is not an offer
to purchase, a solicitation of an offer to purchase, or a
solicitation of an offer to sell the Notes or any other securities
of the Company. The offer to purchase the Notes will be only
pursuant to, and the Notes may be tendered only in accordance with,
the Company’s Repurchase Right Notice dated January 3, 2022 and
related documents.
Holders of the Notes should refer to the Indenture for a
complete description of repurchase procedures and direct any
questions concerning the mechanics of repurchase to the Trustee by
contacting CT REORG, The Bank of New York Mellon (Email:
CT_Reorg_Unit_Inquiries@bnymellon.com). Holders of Notes may
request the Company’s Repurchase Right Notice from the paying
agent, at 111 Sanders Creek Pkwy, E. Syracuse, NY 13057, Attention:
CT REORG, BNY Mellon, CT_Reorg_Unit_Inquiries@bnymellon.com.
HOLDERS OF NOTES AND OTHER INTERESTED PARTIES ARE URGED TO READ
THE COMPANY’S SCHEDULE TO, REPURCHASE RIGHT NOTICE AND OTHER
RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT NIO INC. AND
THE REPURCHASE RIGHT.
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.nio.com.
About NIO Inc.
NIO Inc. is a pioneer and a leading company in the premium smart
electric vehicle market. Founded in November 2014, NIO’s mission is
to shape a joyful lifestyle. NIO aims to build a community starting
with smart electric vehicles to share joy and grow together with
users. NIO designs, develops, jointly manufactures and sells
premium smart electric vehicles, driving innovations in
next-generation technologies in autonomous driving, digital
technologies, electric powertrains and batteries. NIO
differentiates itself through its continuous technological
breakthroughs and innovations, such as its industry-leading battery
swapping technologies, Battery as a Service, or BaaS, as well as
its proprietary autonomous driving technologies and Autonomous
Driving as a Service, or ADaaS. NIO launched the ES8, a
seven-seater flagship premium smart electric SUV, in December 2017,
and began deliveries of the ES8 in June 2018, and its variant, the
six-seater ES8, in March 2019. NIO launched the ES6, a five-seater
high-performance premium smart electric SUV, in December 2018, and
began deliveries of the ES6 in June 2019. NIO launched the EC6, a
five-seater premium smart electric coupe SUV, in December 2019, and
began deliveries of the EC6 in September 2020. NIO launched the
ET7, a flagship premium smart electric sedan, in January 2021. NIO
launched the ET5, a mid-size smart electric sedan, in December
2021.
For more information, please
visit: http://ir.nio.com For investor and media
inquiries, please contact:
NIO Inc.
Investor RelationsTel:
+86-21-6908-2018Email: ir@nio.comSource: NIO
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