NIO

Nio Announces Repurchase Right Notification For Senior Notes

(RTTNews) - Shanghai-based developer of electric vehicles Nio Inc. (NIO), Thursday announced a repurchase right notification for its 0.50 percent Convertible Senior Notes, due 2027.

Holders can require the company to repurchase all of such holders Notes or any portion thereof that is an integral multiple of S$1,000 principal amount for cash on February 1, 2025.

Notably, if all outstanding Notes are surrendered for repurchase, the total cash purchase price will be around $378.5 million.

The repurchase right will commence on December 30, 2024 and expire on January 30, 2025, the company added.

During the pre-market hours, NIO's stock is trading at $4.63, up 0.22 percent on the New York Stock Exchange.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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