Li Auto Notifies 2028 Convertible Notes Holders of Repurchase Right

MT Newswires Live03-27

Li Auto (LI) said Friday it notified holders of its 0.25% convertible senior notes due 2028 of their right to require the company to repurchase the notes for cash on May 1.

The repurchase price will equal 100% of the principal amount plus accrued interest, in line with terms under the indenture governing the notes, the company said.

The put right applies to notes in minimum denominations of $1,000, with about $862.5 million in aggregate principal outstanding as of March 26, the company said. If all holders exercise the option, Li Auto would pay roughly the same amount in cash, it added.

Holders have until April 29, 2026 to exercise the repurchase right, the company said.

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