Sea Limited Announces Proposed Offering of Convertible Notes
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
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Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced that it proposes to offer US$1 billion in aggregate principal amount of convertible senior notes due 2025 (the “Notes”), subject to market and other conditions. The interest rate, initial conversion rate, offering price and other terms of the Notes have not been finalized and will be determined at the time of pricing of the offering. Sea intends to grant to the initial purchaser a 13-day option to purchase up to an additional US$150 million principal amount of Notes. Sea plans to use a portion of the net proceeds from this offering to pay the cost of the capped call transactions described below.Concurrently with this offering and subject to the closing of this offering, Sea may enter into separate privately negotiated agreements with certain holders of Sea’s 2.25% convertible senior notes due 2023 (the “2023 Notes”) to exchange a portion of the 2023 Notes for cash, American Depositary Share
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Earnings
- 3/4/24 - Beat