Brief: Lexinfintech Announces $300 Million Private Placement Of Convertible Notes With PAG

LexinFintech Holdings

11/09/2019 11:46

Sept 11 (Reuters) - Lexinfintech Holdings Ltd  LX.O :
    * LEXINFINTECH ANNOUNCES US$300 MILLION PRIVATE PLACEMENT OF
CONVERTIBLE NOTES WITH PAG
    * LEXINFINTECH HOLDINGS LTD - HAS ENTERED INTO A CONVERTIBLE
NOTE
PURCHASE AGREEMENT WITH PAG
    * LEXINFINTECH HOLDINGS LTD - WILL ISSUE & SELL CONVERTIBLE
NOTES
IN AMOUNT OF US$300 MILLION TO PAG THROUGH A PRIVATE PLACEMENT
    * LEXINFINTECH HOLDINGS LTD - CONVERTIBLE NOTES WILL MATURE
IN
SEVEN YEARS, BEARING INTEREST AT A RATE OF 2.0% PER ANNUM
    * LEXINFINTECH HOLDINGS LTD - AT CLOSING, COMPANY WILL
APPOINT TO
ITS BOARD OF DIRECTORS ONE PERSON DESIGNATED BY PAG
    * LEXINFINTECH HOLDINGS LTD - GROSS PROCEEDS RAISED FROM
PLACEMENT
WILL BE ABOUT $296.4 MILLION

Source text for Eikon:  ID:nPn2GGn3wa 
Further company coverage:  LX.O 

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