Huazhu Group Limited Announces Completion of the Put Right Offer for Its 0.375% Convertible Senior Notes due 2022
November 02 2020 - 5:00AM
Huazhu Group Limited (Nasdaq: HTHT and HKEx: 1179) a leading and
fast-growing multi-brand hotel group in China with international
coverage (the “Company”), today announced that it has completed its
previously announced put right offer relating to its 0.375%
Convertible Senior Notes due 2022 (CUSIP No. 16949N AC3) (the
“Notes”). The put right offer expired at 5:00 p.m., New York City
time, on Thursday, October 29, 2020. Based on information from
Wilmington Trust, National Association as the paying agent for the
Notes, US$6,000 aggregate principal amount of the Notes were
validly surrendered and not withdrawn prior to the expiration of
the put right offer. The aggregate purchase price of these Notes
was US$6,000.06. The Company has accepted all of the surrendered
Notes for repurchase and has forwarded cash in payment of the same
to the paying agent for distribution to the applicable holders.
Materials filed with the Securities and Exchange Commission (the
“SEC”) will be available electronically without charge at the SEC’s
website, http://www.sec.gov. Documents filed with the SEC may also
be obtained without charge at the Company’s website,
https://ir.huazhu.com/.
About Huazhu Group
Limited
Originated in China, Huazhu Group Limited is a world-leading
hotel group. As of June 30, 2020, Huazhu operated 6,187 hotels with
599,235 rooms in operation in 16 countries. Huazhu’s brands include
Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange
Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya
Hotel, Blossom House, and Ni Hao Hotel. Upon the completion of
Deutsche Hospitality acquisition on January 2, 2020, Huazhu added
five brands to its portfolio, including Steigenberger Hotels &
Resorts, Maxx by Steigenberger, Jaz in the City, IntercityHotel and
Zleep Hotel. In addition, Huazhu also has the rights as master
franchisee for Mercure, Ibis and Ibis Styles, and co-development
rights for Grand Mercure and Novotel, in the pan-China region.
For further information, please contact:
Contact InformationHuazhu Investor RelationsTel: +86 (21) 6195
9561Email: ir@huazhu.comhttp://ir.huazhu.com
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