Alibaba Group Announces Proposed Offering of Senior Unsecured Notes
November 26 2017 - 7:26PM
Business Wire
Alibaba Group Holding Limited (NYSE:BABA) today announced that
it proposes to offer U.S. dollar-denominated senior unsecured notes
(the “notes”), subject to market and other conditions, in an
underwritten registered public offering. The principal amount,
interest rates, maturity dates and other terms of the notes have
not been finalized and will be determined at the time of pricing of
the offering.
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
supplement, when available. You may obtain these documents for free
by visiting EDGAR on the SEC’s website www.sec.gov. Alternatively,
copies of the prospectus, the preliminary prospectus supplement and
the final prospectus supplement, when available, relating to the
offering may be obtained by contacting Morgan Stanley at 180 Varick
Street, New York, New York 10014, Attn: Prospectus Department, by
calling 1-866-718-1649 or by emailing prospectus@morganstanley.com;
Citigroup at c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, by calling 1-800-831-9146 or by
emailing prospectus@citi.com; Credit Suisse at One Madison Avenue,
New York, NY 10010, Attn: Prospectus Department, by calling
1-800-221-1037 or by emailing newyork.prospectus@credit-suisse.com;
Goldman Sachs at 200 West Street, New York, NY 10282, USA, Attn:
Prospectus Department, by calling 1-866-471-2526 or by emailing
prospectus-ny@ny.email.gs.com; or J.P. Morgan by calling
1-212-834-4533.
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” and similar expressions are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements, including statements related to the
expectations regarding the size, tranching, timing and completion
of the Company’s proposed offering, are not guarantees of future
performance, 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.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business
anywhere. The company aims to build the future infrastructure of
commerce. It envisions that its customers will meet, work and live
at Alibaba, and that it will be a company that lasts at least 102
years.
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version on businesswire.com: http://www.businesswire.com/news/home/20171126005065/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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