NIO Proposes $1 Billion Notes Offering to Repurchase Debt and Raise Funds

NIO proposes offering of $1 billion convertible senior notes in two tranches
Notes mature in 2029 and 2030 respectively
Notes convertible to ADSs or Class A shares
Portion of proceeds to repurchase existing debt
Remainder for corporate purposes
Notes not registered under Securities Act

tipranks.com

Relevant topic timeline:

8/28/2023

What to Expect from Nio’s Q2 Report - TipRanks.com

Nio is expected to release its Q2 results with an anticipated EPS of -$0.41 and revenue of $1.26 billion, while options traders are pricing in a 10.62% move in Nio stock following the earnings report.

9/19/2023

NIO Stock Dips on $1B Debt Offering Despite Strong August Delivery Numbers

Chinese EV maker NIO is down nearly 6% in pre-market trading after announcing a proposed offering of $1 billion in convertible senior notes to reduce debt and strengthen its balance sheet.

9/19/2023

NIO Offers $1 Billion in Convertible Bonds as EV Makers Seek New Funds

Chinese EV maker NIO is planning to raise $1 billion through the issuance of convertible bonds, following in the footsteps of other electric vehicle companies such as Nikola and Fisker.

9/29/2023

NIO Stock Rises Despite Broader Declines; EPS and Revenue Growth Expected Despite Recent Estimate Cuts

NIO Inc. closed at $9.04, up 1.46% from the previous trading session, as Wall Street looks for positivity ahead of the company's next earnings report. The Zacks Consensus Estimate for earnings is expecting a year-over-year decline of 19.44%, while revenue is projected to increase by 43.95% from the year-ago period. Meanwhile, NIO Inc. currently has a Zacks Rank of #4 (Sell) and the Automotive - Foreign industry is ranked in the top 39% of all industries.

9/29/2023

Fisker Stock Rises Despite $170M Fundraising That May Dilute Shareholders

EV startup Fisker plans to raise $170 million through convertible notes to accelerate deliveries and expand growth, despite concerns about potential dilution and the company's profitability.

10/5/2023

Rivian Prices $1.5 Billion Green Convertible Note Offering to Fund Eligible Projects

Rivian Automotive has priced its offering of $1.5 billion green convertible senior notes due 2030 in a private offering to qualified institutional buyers, with the proceeds intended to fund eligible green projects in alignment with the Green Bond Principles.

Topics

Posted 9/18/2023, 8:44:14 PM

NIO Proposes $1 Billion Notes Offering to Repurchase Debt and Raise Funds

NIO proposes offering of $1 billion convertible senior notes in two tranches
Notes mature in 2029 and 2030 respectively
Notes convertible to ADSs or Class A shares
Portion of proceeds to repurchase existing debt
Remainder for corporate purposes
Notes not registered under Securities Act

tipranks.com

Relevant topic timeline:

8/28/2023

What to Expect from Nio’s Q2 Report - TipRanks.com

9/19/2023

NIO Stock Dips on $1B Debt Offering Despite Strong August Delivery Numbers

Chinese EV maker NIO is down nearly 6% in pre-market trading after announcing a proposed offering of $1 billion in convertible senior notes to reduce debt and strengthen its balance sheet.

9/19/2023

NIO Offers $1 Billion in Convertible Bonds as EV Makers Seek New Funds

Chinese EV maker NIO is planning to raise $1 billion through the issuance of convertible bonds, following in the footsteps of other electric vehicle companies such as Nikola and Fisker.

9/29/2023

NIO Stock Rises Despite Broader Declines; EPS and Revenue Growth Expected Despite Recent Estimate Cuts

9/29/2023

Fisker Stock Rises Despite $170M Fundraising That May Dilute Shareholders

EV startup Fisker plans to raise $170 million through convertible notes to accelerate deliveries and expand growth, despite concerns about potential dilution and the company's profitability.

10/5/2023

Rivian Prices $1.5 Billion Green Convertible Note Offering to Fund Eligible Projects