GDS Announces Repurchase of US$299,910,000 of 2.00% Convertible Senior Notes due 2025
01 Juni 2023 - 1:00PM
GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”)
(NASDAQ: GDS; HKEX: 9698), a leading developer and operator of
high-performance data centers in China and South East Asia, today
announced that it repurchased approximately US$299,910,000
aggregate principal amount of its 2.00% Convertible Senior Notes
due 2025 (CUSIP Nos. 36165L AA6, 36165L AB4 & G3902L AA7) (the
“Notes”). Pursuant to the Indenture dated as of June 5, 2018 (the
“Indenture”) relating to the Notes by and between the Company and
The Bank of New York Mellon, as trustee, each holder had the right,
at the option of such holder, to require the Company to repurchase
all of such holder’s Notes or any portion thereof that is an
integral multiple of US$1,000 principal amount for cash on June 1,
2023 (the “Repurchase Right”). The repurchases were consummated
through holders’ exercise of the Repurchase Right. The repurchased
Notes will be canceled accordingly. Notes in the aggregate
principal amount of US$80,000 remain outstanding after such
repurchases.
This press release is for information only and is not an offer
to purchase, a solicitation of an offer to purchase or a
solicitation of an offer to sell the Notes or any other securities
of the Company. None of the Company, its board of directors or its
employees has made or is making any representation or
recommendation to any holder of the Notes.
About GDS Holdings Limited
GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698)
is a leading developer and operator of high-performance data
centers in China and South East Asia. The Company’s facilities are
strategically located in primary economic hubs where demand for
high-performance data center services is concentrated. The Company
also builds, operates and transfers data centers at other locations
selected by its customers in order to fulfill their broader
requirements. The Company’s data centers have large net floor area,
high power capacity, density and efficiency, and multiple
redundancies across all critical systems. GDS is carrier and
cloud-neutral, which enables its customers to access the major
telecommunications networks, as well as the largest PRC and global
public clouds, which are hosted in many of its facilities. The
Company offers co-location and a suite of value-added services,
including managed hybrid cloud services through direct private
connection to leading public clouds, managed network services, and,
where required, the resale of public cloud services. The Company
has a 22-year track record of service delivery, successfully
fulfilling the requirements of some of the largest and most
demanding customers for outsourced data center services in China.
The Company’s customer base consists predominantly of hyperscale
cloud service providers, large internet companies, financial
institutions, telecommunications carriers, IT service providers,
and large domestic private sector and multinational
corporations.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “aim,” “anticipate,” “believe,” “continue,”
“estimate,” “expect,” “future,” “guidance,” “intend,” “is/are
likely to,” “may,” “ongoing,” “plan,” “potential,” “target,”
“will,” and similar statements. Among other things, statements that
are not historical facts, including statements about GDS Holdings’
beliefs and expectations regarding the growth of its businesses and
its revenue for the full fiscal year, the business outlook and
quotations from management in this announcement, as well as GDS
Holdings’ strategic and operational plans, are or contain
forward-looking statements. GDS Holdings may also make written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”) on Forms 20-F and
6-K, in its current, interim and annual reports to shareholders, in
announcements, circulars or other publications made on the website
of the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock
Exchange”), in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Forward-looking statements involve inherent risks
and uncertainties. A number of factors could cause GDS Holdings’
actual results or financial performance to differ materially from
those contained in any forward-looking statement, including but not
limited to the following: GDS Holdings’ goals and strategies; GDS
Holdings’ future business development, financial condition and
results of operations; the expected growth of the market for
high-performance data centers, data center solutions and related
services in China; GDS Holdings’ expectations regarding demand for
and market acceptance of its high-performance data centers, data
center solutions and related services; GDS Holdings’ expectations
regarding building, strengthening and maintaining its relationships
with new and existing customers; the continued adoption of cloud
computing and cloud service providers in China; risks and
uncertainties associated with increased investments in GDS
Holdings’ business and new data center initiatives; risks and
uncertainties associated with strategic acquisitions and
investments; GDS Holdings’ ability to maintain or grow its revenue
or business; fluctuations in GDS Holdings’ operating results;
changes in laws, regulations and regulatory environment that affect
GDS Holdings’ business operations; competition in GDS Holdings’
industry in China; security breaches; power outages; and
fluctuations in general economic and business conditions in China
and globally, the impact of the COVID outbreak, and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks, uncertainties or factors is
included in GDS Holdings’ filings with the SEC, including its
annual report on Form 20-F, and with the Hong Kong Stock Exchange.
All information provided in this press release is as of the date of
this press release and are based on assumptions that GDS Holdings
believes to be reasonable as of such date, and GDS Holdings does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please
contact:
GDS Holdings LimitedLaura
ChenPhone: +86 (21)
2029-2203Email: ir@gds-services.com
The Piacente Group, Inc.Ross
WarnerPhone: +86 (10) 6508-0677Email: GDS@tpg-ir.com
Brandi PiacentePhone: +1 (212)
481-2050Email: GDS@tpg-ir.com
GDS Holdings Limited
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