STOCK TITAN

Li Auto Inc. Announces Completion of the Put Right Offer for Its 0.25% Convertible Senior Notes due 2028

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Li Auto Inc. has completed its put right offer for its 0.25% Convertible Senior Notes due 2028. The offer expired on April 29, 2024, with no Notes surrendered for repurchase. US$862,500,000 aggregate principal amount of the Notes will remain outstanding.

Li Auto Inc. ha completato la sua offerta di riacquisto per le sue Note Senior Convertibili allo 0,25% con scadenza nel 2028. L'offerta è scaduta il 29 aprile 2024, senza che alcuna Nota sia stata consegnata per il riacquisto. Rimarranno in circolazione Note per un valore nominale complessivo di 862.500.000 dollari americani.
Li Auto Inc. ha completado su oferta de derechos de venta para sus Notas Senior Convertibles al 0,25% con vencimiento en 2028. La oferta expiró el 29 de abril de 2024, sin que se entregaran Notas para la recompra. Quedarán Notas en circulación por un monto principal agregado de US$862,500,000.
Li Auto Inc.는 2028년 만기 0.25% 전환 선순위 채권에 대한 매수청구권 제안을 완료했습니다. 이 제안은 2024년 4월 29일에 만료되었으며, 매입을 위해 제출된 채권은 없었습니다. 총 8억 6,250만 달러의 원금 채권이 유통될 예정입니다.
Li Auto Inc. a terminé son offre de rachat pour ses Notes Senior Convertibles à 0,25 % arrivant à échéance en 2028. L'offre a expiré le 29 avril 2024, sans aucune Note remise pour rachat. Un montant principal total de 862 500 000 dollars américains de Notes restera en circulation.
Li Auto Inc. hat sein Angebot zum Rückkauf seiner 0,25% umwandelbaren Seniornoten mit Fälligkeit 2028 abgeschlossen. Das Angebot lief am 29. April 2024 aus, ohne dass Noten zur Rücknahme eingereicht wurden. Es bleibt ein aggregierter Hauptbetrag der Noten in Höhe von 862.500.000 US-Dollar ausstehend.
Positive
  • None.
Negative
  • None.

BEIJING, China, April 30, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it has completed its previously announced put right offer relating to its 0.25% Convertible Senior Notes due 2028 (CUSIP No. 50202M AB8) (the “Notes”). The put right offer expired at 5:00 p.m., New York City time, on Monday, April 29, 2024.

Based on the information from Deutsche Bank Trust Company Americas as paying agent for the Notes, no Notes were surrendered for repurchase pursuant to holders’ put right prior to the expiration of the put right offer. Following the Expiration Date, US$862,500,000 aggregate principal amount of the Notes will remain outstanding and continue to be subject to the existing terms of the Indenture and the Notes.

Materials filed with the SEC will be available electronically without charge at the SEC’s website, https://www.sec.gov. Documents filed with the SEC may also be obtained without charge at the Company’s website, https://ir.lixiang.com.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Create a Mobile Home, Create Happiness (创造移动的家, 创造幸福的家). Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. The Company started volume production in November 2019. Its current model lineup includes Li MEGA, a high-tech flagship family MPV, Li L9, a six-seat flagship family SUV, Li L8, a six-seat premium family SUV, Li L7, a five-seat flagship family SUV, and Li L6, a five-seat premium family SUV. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions while expanding its product line by developing new BEVs and EREVs to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: ir@lixiang.com

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
       +86-10-6508-0677
Email: Li@tpg-ir.com


FAQ

When did Li Auto Inc. announce the completion of the Put Right Offer?

Li Auto Inc. announced the completion of the Put Right Offer on April 30, 2024.

What are the details of the 0.25% Convertible Senior Notes due 2028?

The 0.25% Convertible Senior Notes due 2028 are subject to the existing terms of the Indenture and the Notes.

Where can documents filed with the SEC be obtained?

Documents filed with the SEC can be obtained at the SEC's website, https://www.sec.gov, or at Li Auto Inc.'s website, https://ir.lixiang.com.

Li Auto Inc. American Depositary Shares

NASDAQ:LI

LI Rankings

LI Latest News

LI Stock Data

32.37B
1.77B
0.09%
8.46%
2.95%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Beijing