China's GDS raises $580 mln in convertible senior notes

GDS Holdings

12/01/2023 04:15

HONG KONG, Jan 12 (Reuters) - GDS Holdings Limited
 9698.HK   GDS.O , a developer and operator of data centers in
China, has agreed to sell $580 million in aggregate principal
amount of 4.50% convertible senior notes due 2030, it said in a
news statement on Thursday.
    The notes will be sold to institutional investors, including
a sovereign wealth fund, it said.
    Net proceeds will be used for the development and
acquisition of new data centers, general corporate purposes and
working capital needs. The transaction is expected to close on
or about January 20, 2023, subject to specific conditions.
 (Reporting by Xie Yu; Editing by Clarence Fernandez)
 ((Yu.Xie@thomsonreuters.com;))