Press Release: NIO Inc. Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026
SHANGHAI, China, Jan. 03, 2024 -- NIO Inc. , a pioneer and a leading company in the premium smart electric vehicle market, today announced that it is notifying holders of its 0.00% Convertible Senior Notes due 2026 that pursuant to the Indenture dated as of January 15, 2021 relating to the Notes by and between the Company and The Deutsche Bank Trust Company Americas, 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 February 1, 2024 . The Repurchase Right expires at 5:00 p.m., New York City time, on Wednesday, January 31, 2024.The opportunity for holders of the Notes to exercise the Repurchase Right commences at 9:00 a.m., New York City time today, January 3, 2024, and will terminate at 5:00 p.m., New York City time, on Wednesday, January 31, 2024. In order to exercise the Repurchase Right, a holder must fol