Uxin Announces Private Placement of US$50 Million of Convertible Notes
Uxin Limited - American Depositary Shares (UXIN)
Last uxin limited - american depositary shares earnings: 3/14 12:30 am
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Source: GlobeNewswire
BEIJING, July 12, 2019 (GLOBE NEWSWIRE) -- Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), the largest used car e-commerce platform in China, today announced that it has entered into convertible note purchase agreements with PacificBridge Asset Management (“PacificBridge”), pursuant to which Uxin will issue and sell convertible notes in an aggregate principal amount of US$50 million to investment funds managed by PacificBridge through a private placement. The private placement is subject to multiple closings with certain customary closing conditions and is expected to be fully completed in the second half of 2019. The convertible notes will mature in 12 months or 15 months, bearing interest at the rates of 10% or 11% per annum from the issuance date, respectively, depending on the maturity date. Each note will be convertible into Class A ordinary shares of the Company at a conversion price of US$1.663 per share (equivalent to US$4.989 per ADS) at the holder’s option after a
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UXIN
Sec Filings
- 11/6/24 - Form SC
- 11/4/24 - Form 6-K
- 10/23/24 - Form SC
- UXIN's page on the SEC website