May 21 (Reuters) - China's online video-sharing platform
Bilibili ( BILI ) said on Wednesday it is offering up to $575
million worth of convertible notes to raise money to develop its
content ecosystem.
The company said the offering will include $500 million of
convertible senior notes due 2030, with an option to purchase a
further $75 million worth.
The funds will facilitate user growth, building intellectual
property and also fund the repurchase of some of class Z shares,
Bilibili ( BILI ) said.
Goldman Sachs, Morgan Stanley, JP Morgan and UBS are acting
as the joint bookrunners for the senior notes offering.