Bilibili Completes Notable Repurchase of Convertible Notes

Bilibili Completes Repurchase of Convertible Senior Notes

SHANGHAI — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), a prominent brand dedicated to serving young generations through its extensive video community, has recently finalized its repurchase right offer concerning its 0.50% Convertible Senior Notes set to mature in 2026. The completion of this offer aligns with Bilibili's ongoing commitment to optimizing its financial structure.

Details of the Repurchase Offer

The repurchase right offer for the convertible notes was officially closed at 5:00 p.m. New York City time. This strategic move allowed Bilibili to address a total of US$419,107,000 in the aggregate principal amount that was surrendered by investors. Deutsche Bank Trust Company Americas served as the paying agent during this transaction, facilitating the smooth handling of cash payments to the respective holders.

Importance of the Repurchase

Completing this repurchase is a pivotal step for Bilibili as it redefines its financial strategy. Effectively managing debt is crucial for maintaining robust performance in a fast-evolving market, and this repurchase allows Bilibili to enhance its balance sheet. Retaining a strong financial position will play a significant role in achieving long-term objectives.

About Bilibili and Its Community Impact

Bilibili stands as an influential video-sharing platform aspiring to enrich the daily lives of its audience, particularly targeting the younger demographic. It prides itself on offering a diverse range of user-generated content, encapsulating the motto of 'All the Videos You Like.' This mission not only focuses on entertainment but also fosters a community of enthusiastic creators and engaged viewers.

Community Engagement and Features

One of the most celebrated features introduced by Bilibili is the 'bullet chatting' functionality. This live commenting feature revolutionizes how users engage with content, as it allows for real-time interaction among viewers. Such innovations have transformed the viewing experience, creating a shared platform where opinions and reactions come to life, enhancing the sense of community.

The Future of Bilibili

As Bilibili continues its journey, it remains steadfast in its commitment to promoting Chinese culture globally. By providing a platform that supports diverse interests and fosters connections among its users, Bilibili plays a crucial role in expressing and sharing cultural narratives. Bilibili's growth trajectory positions it not only as a local leader but also as a significant player in the global content community.

Investor Relations and Company Information

For the latest updates and detailed insights, stakeholders and interested parties can access investor relations content through Bilibili’s official channels. Open communication remains a priority for the company, ensuring transparency and engagement with investors.

Frequently Asked Questions

1. What prompted Bilibili to initiate the repurchase of its convertible notes?

The repurchase was initiated to better manage its financial structure and optimize its debt levels to align with long-term strategic goals.

2. How much of the convertible notes were surrendered during the repurchase offer?

US$419,107,000 in aggregate principal amount of the notes were validly surrendered before the expiration of the offer.

3. Who acted as the paying agent for the repurchase process?

Deutsche Bank Trust Company Americas served as the paying agent during the repurchase of the notes.

4. What are Bilibili's core values as a video community platform?

Bilibili aims to enrich the lives of young people in China by providing a diverse array of video content and fostering community engagement through innovative features.

5. How does Bilibili engage with its user base?

Bilibili engages its users through interactive features like 'bullet chatting,' creating a more immersive and communal viewing experience.

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