iQIYI, Inc. Announces Repurchase Right Notification for 4.00% Convertible Senior Notes due 2026
BEIJING, May 28, 2024 (GLOBE NEWSWIRE) — iQIYI, Inc. (Nasdaq:IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced that it is notifying holders of its 4.00% Convertible Senior Notes due 2026 (CUSIP No. 46267XAE8) (the “Notes”) that pursuant to the Indenture and the First Supplemental Indenture, each dated as of December 21, 2020 (together, the “Indenture”) relating to the Notes by and between the Company and Citicorp International Limited, as trustee, each holder has 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 August 1, 2024 (the “Repurchase Right”). The Repurchase Right begins at 9:00 a.m., New York City time, on Tuesday, July 2, 2024 and expires at 5:00 p.m., New York City time, on Tuesday, July 30, 2024.