JOYY Inc. Announces the Results of the Repurchase Right Offer for its 0.750% Convertible Senior Notes due 2025
14 Juni 2023 - 1:00PM
JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company,” formerly known as
YY Inc.), a global technology company, today announced the results
of its previously announced repurchase right offer relating to its
0.750% Convertible Senior Notes due 2025 (CUSIP No. 98426T AD8)
(the “2025 Notes”). The repurchase right offer expired at 5:00
p.m., New York City time, on Tuesday, June 13, 2023. Based on
information from Citibank, N.A. as the paying agent for the 2025
Notes, US$432,232,000 aggregate principal amount of the 2025 Notes
were validly surrendered and not withdrawn prior to the expiration
of the repurchase right offer. The aggregate cash purchase price of
these 2025 Notes is US$432,232,000. The Company has accepted all of
the surrendered 2025 Notes for repurchase and has forwarded cash in
payment of the same to the paying agent for distribution to the
applicable holders. Following the settlement of the repurchase, no
2025 Note will remain outstanding.
Materials filed with the SEC will be available electronically
without charge at the SEC’s website, http://www.sec.gov.
Documents filed with the SEC may also be obtained without charge at
the Company’s website, https://ir.joyy.com.
About JOYY Inc.
JOYY is a leading global technology company with a mission to
enrich lives through technology. JOYY currently operates several
social products, including Bigo Live for live streaming, Likee for
short-form videos, Hago for multiplayer social networking, an
instant messaging product, and others. The Company has created a
highly engaging and vibrant user community for users across the
globe. JOYY’s ADSs have been listed on the Nasdaq since November
2012.
Investor Relations Contact
JOYY Inc.Jane Xie/Maggie YanEmail: joyy-ir@joyy.com
ICR, Inc.Robin YangEmail: joyy@icrinc.com
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