BEIJING, June 23, 2015 /PRNewswire/ -- Baidu, Inc.
(NASDAQ: BIDU) ("Baidu" or the "Company"), the leading Chinese
language Internet search provider, today announced the pricing of
its public offering of US$1.25
billion aggregate principal amount of its notes. The public
offering consists of US$750 million
of 3.000% notes due 2020 and US$500
million of 4.125% notes due 2025. The notes have been
registered under the U.S. Securities Act of 1933, as amended, and
are expected to be listed on the Singapore Exchange Securities
Trading Limited.
The Company expects to receive net proceeds from the offering of
approximately US$1.24 billion, after
deducting underwriting discounts and commissions and estimated
offering expenses. The Company intends to use the net proceeds from
the offering for general corporate purposes.
The joint bookrunners of the offering are Goldman Sachs
(Asia) L.L.C. and J.P. Morgan
Securities LLC.
The Company has an effective shelf registration statement on
Form F-3 (including a base prospectus) on file with the U.S.
Securities and Exchange Commission (the "SEC") and has filed a
related preliminary prospectus supplement with the SEC for the
offering of the notes. When available, the final prospectus
supplement for the offering of the notes will be filed with the
SEC. The offering is being made only by means of the prospectus
supplement and accompanying base prospectus. Before you invest, you
should read the prospectus supplement and accompanying base
prospectus and other documents that the Company has filed with the
SEC for more complete information about the Company and the
offering. You may obtain these documents free of charge by visiting
EDGAR on the SEC website at www.sec.gov. Alternatively, the
Company or any underwriter or dealer participating in the offering
will arrange to send an investor the prospectus supplement and
accompanying base prospectus if the investor makes such request by
calling Goldman, Sachs & Co. toll-free at 1-866-471-2526 or
J.P. Morgan Securities LLC at 1-212-834-4533.
This announcement is not an offer of the securities for sale in
the United States of America and
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of, these securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The securities
referred to herein have not been and will not be registered under
the applicable securities laws of any jurisdiction outside of
the United States of America.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search
provider. As a technology-based media company, Baidu aims to
provide the best and most equitable way for people to find they're
looking for. In addition to serving individual Internet search
users, Baidu provides an effective platform for businesses to reach
potential customers. Baidu's ADSs trade on the NASDAQ Global Select
Market under the symbol "BIDU". Currently, ten ADSs represent one
Class A ordinary share.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, the description of the offering in this announcement
contains forward-looking statements. Baidu may also make written or
oral forward-looking statements in its periodic reports to the SEC,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Baidu's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: our proposed use of proceeds from the
sale of debt securities; our growth strategies, our strategies for
investing in and acquiring complementary businesses and assets and
our ability to execute these strategies; our future business
development, including development of new products and services;
our ability to attract and retain users and customers; competition
in the Chinese language Internet search markets; competition for
online marketing customers; changes in our revenues and certain
cost or expense items as a percentage of our revenues; the outcome
of ongoing, or any future, litigation or arbitration; the expected
growth of the Chinese language Internet search market and the
number of Internet and broadband users in China; Chinese governmental policies relating
to the Internet and Internet search providers and general economic
conditions in China and elsewhere.
Further information regarding these and other risks is included in
our annual report on Form 20-F, Form F-3 and other documents filed
with the SEC. All information provided in this press release is as
of the date of the press release, and Baidu undertakes no duty to
update such information, except as required under applicable
law.
For investor and media inquiries, please contact:
Sharon Ng
Baidu, Inc.
Tel: +86-10-5992-4958
Email: ir@baidu.com
Logo -
http://photos.prnewswire.com/prnh/20081103/BAIDULOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/baidu-announces-pricing-of-us125-billion-notes-offering-300103807.html
SOURCE Baidu, Inc.