21.05.2024 12:54:29 - dpa-AFX: JD.com Plans To Offer $1.5 Bln Of Senior Notes; Stock Down In Pre-market
WASHINGTON (dpa-AFX) - JD.com, Inc. (JD), a supply chain-based technology
and service provider, on Tuesday announced a proposed offering of convertible
Senior Notes of $1.5 billion due 2029.
The company intends to grant an option to the initial purchasers to purchase up
to an additional $225 million of the notes.
JD.com said it plans to use the net proceeds from the offering for repurchases,
expand its overseas business, and further improve its supply chain network, and
working capital needs.
JD was trading down by 4.32 percent at $33.25 in the pre-market trade on the
Nasdaq.
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