BEIJING, Oct. 6, 2020 /PRNewswire/ — Baidu, Inc. (NASDAQ:
BIDU) ("Baidu" or the "Company"), a leading search engine,
knowledge and information centered Internet platform and AI
company, today announced that it has filed a preliminary prospectus
supplement with the United States Securities and Exchange
Commission (the "SEC") under an automatic shelf registration
statement on Form F-3, pursuant to which the Company proposes to
sell senior notes. The Company intends to use the net proceeds from
the offering to repay existing indebtedness.
The joint bookrunners of the offering are Goldman Sachs
(Asia) L.L.C., BofA Securities,
Inc. and J.P. Morgan Securities LLC.
This notice is not an offer of the securities for sale in
the United States of America. Any
public offering of these securities in the United States will be made by means of a
prospectus that contains detailed information about the issuer,
which prospectus may be obtained free of charge from EDGAR on the
SEC website at www.sec.gov. Alternatively, the Company, any
underwriter or any dealer participating in the offering will
arrange to send an investor the prospectus if the investor requests
it by calling Goldman Sachs & Co. toll-free at 1-866-471-2526,
BofA Securities, Inc. at 1-800-294-1322 or J.P. Morgan Securities
LLC at 1-212-834-4533. A registration statement relating to these
securities has been filed with the SEC and has become effective
under the U.S. Securities Act of 1933.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The securities referred to herein have not been and will not be
registered under the applicable securities laws of any jurisdiction
outside of the United States of
Baidu, Inc. is a leading search engine, knowledge and
information centered Internet platform and AI company. The
Company's mission is to make the complicated world simpler through
technology. Baidu's American depositary shares ("ADSs") trade
on the Nasdaq Global Select Market under the symbol "BIDU."
Currently, ten ADSs represent one Class A ordinary share.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"may," "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates," "confident," "is/are likely to"
and other similar expressions. Among other things, the description
of the proposed offering in this announcement contains
forward-looking statements. Baidu 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 but not limited to statements about
Baidu'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: Baidu's
proposed use of proceeds from the sale of debt securities; its
growth strategies, its future business development, including
development of new products and services; results of operations and
financial condition, its ability to attract and retain users
and customers and generate revenue and profit from its customers;
competition in the Chinese Internet search market; competition for
online marketing customers and other businesses in which it
engages; changes in Baidu's revenues and certain cost or expense
items as a percentage of its revenues; the outcome of ongoing, or
any future, litigation or arbitration, including those relating to
intellectual property rights; the expected growth of the Chinese
language Internet search market and the number of Internet and
broadband users in China; Chinese
governmental policies relating to the Internet and Internet search
providers and general economic conditions in China, Japan
and elsewhere. Further information regarding these and other risks
is included in Baidu's annual report on Form 20-F, Form F-3 and
other documents filed with the SEC. Baidu does not undertake an
obligation to update any forward-looking statement, except as
required under applicable law. All information provided in this
press release is as of the date of the press release, and Baidu
undertakes no duty to update such information, except as required
under applicable law.
Investors Relations, Baidu, Inc.
SOURCE Baidu, Inc.