Meituan Dianping (HK:3690) has released an update.
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Meituan Dianping has announced the successful entry into a Purchase Agreement for the issuance of US$1.2 billion 4.500% Senior Notes due in 2028 and US$1.3 billion 4.625% Senior Notes due in 2029, with a total gross proceeds of approximately US$2.488 billion. The company plans to utilize the net proceeds primarily for refinancing existing offshore debts and other corporate purposes. The securities will not be registered in the U.S. and are aimed at Professional Investors, with the listing on the Stock Exchange indicating no endorsement of the company’s merits.
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