BILIBILI-W (09626.HK): Completes USD 500 Million Convertible Notes Offering with Concurrent Hedging Repurchases and Share Placements

NewTimeSpace News: On 9 September 2026, Bilibili Inc. (stock code: 09626) announced the completion of its previously announced offering of convertible senior notes with an aggregate principal amount of USD 500 million due 2031, together with the concurrent repurchase of approximately USD 100 million of its Class Z ordinary shares. The company was also informed by relevant financial institutions that the placement of borrowed Class Z ordinary shares concurrently offered to facilitate hedging by certain note investors, together with a secondary placement of Class Z ordinary shares by a subsidiary of Tencent Holdings Limited (together with its subsidiaries, Tencent), were both completed today.

According to the announcement, the closing of Tencent's subscription for an additional USD 200 million aggregate principal amount of notes and the company's repurchase of approximately USD 200 million of shares from Tencent remains subject to approval by the independent shareholders at an extraordinary general meeting of the company and satisfaction of other customary closing conditions.

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