Loan & DebtApr 30, 2026, 06:02 AM
LI Completes Put Right Offer for $716.8M Convertible Notes
AI Summary
Li Auto Inc. announced the completion of its previously announced put right offer for its 0.25% Convertible Senior Notes due 2028. The offer, which expired on April 29, 2026, resulted in US$716.8 million aggregate principal amount of Notes being validly surrendered and repurchased. Following this settlement, US$145.7 million aggregate principal amount of the Notes will remain outstanding and continue to be subject to existing terms.
Key Highlights
- Li Auto completed its put right offer for 0.25% Convertible Senior Notes due 2028.
- US$716,800,000 aggregate principal amount of Notes were validly surrendered.
- Following the repurchase, US$145,700,000 aggregate principal amount of Notes remain outstanding.
- The put right offer expired at 5:00 p.m. New York City time on April 29, 2026.
- The Company forwarded cash for the repurchase price to the paying agent for distribution.