Alibaba Group Unveils Plan to Issue Senior Unsecured Notes

Alibaba Group Proposes Dual Offering of Senior Unsecured Notes

Alibaba Group Holding Limited (NYSE: BABA; HKEX: 9988 (HKD Counter) and 89988 (RMB Counter)) has announced plans to issue U.S. dollar-denominated senior unsecured notes (“USD Notes”) and RMB-denominated senior unsecured notes (“RMB Notes”), collectively referred to as “the Notes.” The offerings are subject to market conditions and are not interdependent. Details such as principal amounts, interest rates, and maturity dates will be determined at the time of pricing.

Intended Use of Proceeds

Proceeds from the Notes will be allocated toward general corporate purposes, including repaying offshore debt and executing share repurchases.

Offering Details

  • USD Notes: Offered to qualified institutional buyers in the U.S. under Rule 144A of the U.S. Securities Act and certain non-U.S. investors in offshore transactions per Regulation S. Alibaba plans to enter into a registration rights agreement for these notes, enabling an exchange offer for registered securities or a shelf registration for resale.
  • RMB Notes: Offered exclusively to non-U.S. persons in offshore transactions under Regulation S of the U.S. Securities Act.

The Notes are not registered under the U.S. Securities Act of 1933 or state securities laws, and this announcement does not constitute a sale offer in jurisdictions where such activity is unlawful.

Forward-Looking Statements

This announcement includes forward-looking statements, such as intentions regarding the use of proceeds and completion of the offering. These statements are subject to risks and uncertainties, including market conditions, rating agency perceptions, and fulfillment of closing conditions.

Alibaba cautions that actual results may vary from these forward-looking statements due to various factors, as outlined in its filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange.

Important Note

Alibaba emphasizes that this press release is informational and does not serve as an offer to sell or solicit purchases of securities. Any official offering will include detailed documentation regarding the company, its management, and financial information.

This release reflects the status as of its publication date, and Alibaba does not commit to updating forward-looking statements unless legally required.

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