Bilibili announced a proposed US$500 million convertible notes offering on May 21, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On May 21, 2025, Bilibili announced a proposed offering of US$500 million of convertible senior notes due 2030, to be sold only to qualified institutional buyers, and said it intended to give the initial purchasers an option to buy up to US$75 million more. Under the proposed terms, holders could convert the notes into Class Z shares at their option. The company said it planned to use the proceeds for its content ecosystem, monetization efficiency, share repurchases and general corporate purposes, including a concurrent repurchase of its Class Z shares in an amount it expected to be up to US$100 million. The press releases were attached to a Form 6-K, the report a foreign company files with the SEC, which Bilibili signed on May 21, 2025.1^,2^,3^,4^,5^,6^,7^,8^,9^,10