Electric vehicle maker NIO, Inc. (NYSE: NIO) has notified shareholders of the repurchase rights on its 4.50% convertible senior notes due in 2024. As of December 30, 2021, the total principal amount of the notes outstanding stood at $165.29 million.  Terms of the Indenture  Per the indenture dated February 4, 2019, each holder has the option to require the company to repurchase all of such holder’s notes or any portion in multiples of $1,000 principal amount on February 1, 2022.   According to NIO, the repurchase price for such notes will be equivalent to 100% of the principal amount of the notes to be repurchased, along with accrued and unpaid interest, if any.
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