06:52 AM EDT, 03/18/2025 (MT Newswires) -- Vnet Group ( VNET ) said Tuesday it has closed an offering of $430 million of its 2.50% convertible senior notes due 2030.

The company said it intends to use the net proceeds from the offering for capital investment in wholesale IDC projects, working capital and general corporate purposes.

Shares of the company were up over 2% in recent Tuesday premarket activity.

Price: 11.64, Change: +0.26, Percent Change: +2.28