VNET Announces Repurchase of 30% of Its Convertible Senior Notes due 2027
Key Highlights
- ➤VNET repurchased approximately $75.3 million of 2027 convertible notes
- ➤Repurchased notes represented approximately 30% of $250.0 million outstanding
- ➤VNET paid approximately $80.0 million cash, including accrued interest
- ➤Notes carry 2.00% interest and mature in 2027
VNET Announces Repurchase of 30% of Its Convertible Senior Notes due 2027 PR Newswire
BEIJING, Oct. 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").
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