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VNET Group pays about $80M to repurchase 2027 notes

VNET says its enterprise customers span internet companies, government entities, blue-chip enterprises, and small- to mid-sized enterprises.

(High)

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Form Type
6-K

Rhea-AI Filing Summary

VNET Group, Inc. repurchased approximately US$75.3 million in aggregate principal amount of its US$250.0 million 2.00% Convertible Senior Notes due 2027, representing approximately 30% of the outstanding notes. The repurchases were effected through privately negotiated transactions for aggregate cash consideration of approximately US$80.0 million, including accrued interest.

VNET provides hosting and related services, including internet data center, cloud and business VPN services. Customers may locate servers and equipment in its data centers and connect to China’s internet backbone. VNET operates in more than 30 cities and serves over 7,000 hosting and related enterprise customers across industries.

Insights

Analyzing...

Principal amount repurchased Approximately US$75.3 million Aggregate principal amount of the 2027 Convertible Senior Notes repurchased
Outstanding Notes US$250.0 million Aggregate principal amount stated for the 2.00% Convertible Senior Notes due 2027
Share of outstanding Notes repurchased Approximately 30% Portion of the outstanding Notes represented by the repurchases
Cash consideration Approximately US$80.0 million Aggregate consideration, including accrued interest
Interest rate 2.00% Convertible Senior Notes due 2027
Enterprise customers Over 7,000 customers Hosting and related enterprise customers
Convertible Senior Notes financial
"2.00% Convertible Senior Notes due 2027"
Convertible senior notes are a type of loan that a company issues to investors, which can be turned into company shares later on. They are called "senior" because they are paid back before other debts if the company runs into trouble. This allows investors to earn interest like a loan but also have the chance to own part of the company if its value rises.
aggregate principal amount financial
"US$75.3 million in aggregate principal amount"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
privately negotiated transactions financial
"effected through privately negotiated transactions"
Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.
accrued interest financial
"including accrued interest"
Accrued interest is the amount of interest that has built up on a loan, bond, or similar investment since the last payment date but has not yet been paid. For investors this matters because when you buy or sell a fixed‑income security between payment dates you compensate the other party for that earned interest—think of it like buying a house mid‑month and reimbursing the seller for days of heating already used—so it affects the actual cash you pay, the yield you receive, and short‑term returns.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of VNET's 2027 convertible notes did it repurchase?

VNET repurchased approximately US$75.3 million in aggregate principal amount, representing approximately 30% of the outstanding US$250.0 million notes.

What cash consideration did VNET pay for the note repurchases?

The repurchases involved aggregate cash consideration of approximately US$80.0 million, including accrued interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the Month of October 2026

 

Commission file number: 001-35126

 

 

 

VNET Group, Inc.

 

 

 

Guanjie Building, Southeast 1st Floor 10# Jiuxianqiao East Road

Chaoyang District Beijing 100016

The People’s Republic of China
(Address of principal executive offices)  

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  VNET Group, Inc.
   
  By: /s/ Sheng Chen
    Name: Sheng Chen
    Title: Executive Chairman of the Board of Directors

 

Date: October 27, 2026

 

 

 

EXHIBIT INDEX

 

Exhibit   Description
99.1   Press release titled “VNET Announces Repurchase of 30% of Its Convertible Senior Notes due 2027”

 

 

Exhibit 99.1

 

VNET Announces Repurchase of 30% of Its Convertible Senior Notes due 2027

 

BEIJING, October 27, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it has repurchased approximately US$75.3 million in aggregate principal amount of its outstanding US$250.0 million 2.00% Convertible Senior Notes due 2027 (the “Notes”), representing approximately 30% of the outstanding Notes. The repurchases were effected through privately negotiated transactions for an aggregate cash consideration (including accrued interest) of approximately US$80.0 million (the “Repurchases”).

 

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall 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 the registration or qualification under the securities laws of any such state or other jurisdiction. This news release shall not constitute an offer to purchase, or a redemption notice for, any of the Company’s outstanding Notes.

 

About VNET

 

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies and government entities to blue-chip enterprises and small- to mid-sized enterprises.

 

 

 

 

Safe Harbor Statement

 

This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "target," "believes," "estimates" and similar statements. Among other things, quotations from management in this announcement as well as VNET's strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports 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 statements about VNET'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: VNET's goals and strategies; VNET's liquidity conditions; VNET's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET's services; VNET's expectations regarding keeping and strengthening its relationships with customers; VNET's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET's reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

 

Investor Relations Contact:

 

VNET IR Team

Tel: +86 10 8456 2121

Email: ir@vnet.com

 

 

 

Filing Exhibits & Attachments

1 document

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