XIAMEN,
China, June 3, 2022 /PRNewswire/ -- Qudian
Inc. ("Qudian" or the "Company") (NYSE: QD), a
consumer-oriented technology company in China, today announced
that it is notifying holders of its 1.00% Convertible Senior Notes
due 2026 (CUSIP No. 747798AB2) (the "Notes") that pursuant to the
Indenture dated as of July 1, 2019
(the "Indenture") relating to the Notes by and between the Company
and Deutsche Bank Trust Company Americas, 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
July 1, 2022 (the "Repurchase
Right"). The Repurchase Right expires at 5:00 p.m., New York
City time, on Thursday, June 30,
2022.
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, July 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 July 1, 2022,
the Company will pay accrued and unpaid interest on all of the
Notes through June 30, 2022 to all
holders who were holders of record as of 5:00 p.m., New York
City time, on Wednesday, June 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
May 31, 2022, there was US$47,500,000 in aggregate principal amount of
the Notes outstanding. If all outstanding Notes are surrendered for
repurchase through the exercise of the Repurchase Right, the
aggregate cash purchase price will be US$47,500,000.
The opportunity for holders of the Notes to exercise the
Repurchase Right commences at 9:00
a.m., New York City time,
on Thursday, June 2, 2022, and will
terminate at 5:00 p.m., New York City time, on Thursday, June 30, 2022. In order to exercise the
Repurchase Right, a holder must follow the procedures set forth in
the Company's Notice of Optional Repurchase Right to holders (the
"Repurchase Right Notice"), which is available through Deutsche
Bank Trust Company Americas. Holders may withdraw any previously
surrendered Notes pursuant to the terms of the Repurchase Right
Notice at any time prior to 5:00
p.m., New York City time,
on Thursday, June 30, 2022, 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 Notes may be repurchased only in accordance
with the Company's Repurchase Right Notice dated June 2, 2022 and related documents. 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.
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 Reorganization Unit, Deutsche Bank Trust Company
Americas (Email: db.reorg@db.com). Holders of Notes may request the
Company's Repurchase Right Notice from the paying agent at 5022
Gate Parkway, Mail Stop: JCK01-0218, Jacksonville, Florida, 32256 USA, Attention:
Reorganization Unit, Deutsche Bank Trust Company Americas, or
db.reorg@db.com.
HOLDERS OF NOTES AND OTHER INTERESTED PARTIES ARE URGED TO READ
THE COMPANY'S REPURCHASE RIGHT NOTICE BECAUSE IT CONTAINS IMPORTANT
INFORMATION ABOUT THE REPURCHASE RIGHT.
About Qudian Inc.
Qudian Inc. ("Qudian") is a consumer-oriented technology
company in China. The Company
historically focused on providing credit solutions to consumers.
The Company is exploring innovative consumer products and services
to satisfy Chinese consumers' fundamental and daily needs by
leveraging its technology capabilities. In March 2022, it launched a ready-to-cook meal
business catering to working-class consumers in China.
For more information, please
visit https://ir.qudian.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States 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" and similar statements. Among
other things, the expectation of its collection efficiency and
delinquency, contains forward-looking
statements. Qudian 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 Qudian'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: Qudian's goal and
strategies; Qudian's expansion
plans; Qudian's future business development, financial
condition and results of
operations; Qudian's expectations regarding demand for,
and market acceptance of, its
products; Qudian's expectations regarding keeping and
strengthening its relationships with customers, business partners
and other parties it collaborates with; general economic and
business conditions; and assumptions underlying or related to any
of the foregoing. Further information regarding these and other
risks is included in Qudian's filings with the SEC.
All information provided in this press release and in the
attachments is as of the date of this press release,
and Qudian does not undertake any obligation to update
any forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Qudian Inc.
IR team
Tel: +86-592-596-8208
E-mail: ir@qudian.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: qudian@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: qudian@tpg-ir.com
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SOURCE Qudian Inc.