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BRIEF-Lexinfintech Announces $300 Million Private Placement Of Convertible Notes With PAG

Reuters logo Reuters 9/11/2019

Sept 11 (Reuters) - Lexinfintech Holdings Ltd:

* LEXINFINTECH ANNOUNCES US$300 MILLION PRIVATE PLACEMENT OF CONVERTIBLE NOTES WITH PAG

* LEXINFINTECH HOLDINGS LTD - HAS ENTERED INTO A CONVERTIBLE NOTE PURCHASE AGREEMENT WITH PAG

* LEXINFINTECH HOLDINGS LTD - WILL ISSUE & SELL CONVERTIBLE NOTES IN AMOUNT OF US$300 MILLION TO PAG THROUGH A PRIVATE PLACEMENT

* LEXINFINTECH HOLDINGS LTD - CONVERTIBLE NOTES WILL MATURE IN SEVEN YEARS, BEARING INTEREST AT A RATE OF 2.0% PER ANNUM

* LEXINFINTECH HOLDINGS LTD - AT CLOSING, COMPANY WILL APPOINT TO ITS BOARD OF DIRECTORS ONE PERSON DESIGNATED BY PAG

* LEXINFINTECH HOLDINGS LTD - GROSS PROCEEDS RAISED FROM PLACEMENT WILL BE ABOUT $296.4 MILLION Source text for Eikon: Further company coverage:

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