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NIO Inc. Announces Closing of US$1 Billion Convertible Senior Notes Offering - NIO (NYSE:NIO)

Summary by Ground News
NIO announced the closing of its offering of US$500 million in aggregate principal amount of convertible senior notes due 2029. The Company plans to use the remainder of the net proceeds from the Notes Offering mainly to further strengthen its balance sheet position as well as for general corporate purposes. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles.

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Benzinga broke the news in New York, United States on Monday, September 25, 2023.
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