Li Auto Completes Put Right Offer, Repurchases $716.8M in Convertible Notes
Li Auto has completed its put right offer, repurchasing $716.8 million of its 0.25% convertible senior notes due 2028.
- $716.8 million
- $145.7 million
- 0.25%
What Happened
Li Auto Inc. announced today that it has completed its previously announced put right offer for its 0.25% Convertible Senior Notes due 2028. The offer expired on April 29, 2026, with $716.8 million in aggregate principal amount validly surrendered. The company has forwarded cash to the paying agent for distribution to noteholders who exercised their put right.
- Expiration date: April 29, 2026
- Repurchased principal: $716.8 million
- Remaining outstanding: $145.7 million
- Interest rate: 0.25%
Why this matters
The repurchase reduces Li Auto's outstanding debt and gives the company more financial flexibility, while holders who exercised their put right received cash for their notes.
Terms in This Story
- Convertible senior notes
- Bonds that can be converted into a predetermined number of the issuer's shares under certain conditions.
- Put right offer
- An option that allows bondholders to sell their bonds back to the issuer at a specified price before maturity.
- Paying agent
- A bank or trust company that handles the distribution of interest and principal payments to bondholders on behalf of the issuer.
Summarised from the linked release; details can be imperfect — always verify against the original source.