Meituan proposes dual-currency senior notes offering

Meituan, an exempted company with limited liability incorporated in the Cayman Islands, proposes to issue senior notes denominated in US dollars and yuan. The offering will be conducted internationally and is open only to Professional Investors. The completion of this Proposed Notes Issue is contingent on market conditions and investor interest, with the aggregate principal amount, interest rate, and payment date yet to be determined.

Goldman Sachs (Asia) L.L.C., Merrill Lynch (Asia Pacific) Limited, and CLSA Limited will act as joint global coordinators, joint lead managers, and joint bookrunners for the US dollar Notes. For the yuan Notes, CLSA Limited, Goldman Sachs (Asia) L.L.C., Merrill Lynch (Asia Pacific) Limited, China Construction Bank (Asia) Corporation Limited, Bank of Communications Co., Ltd. Hong Kong Branch, Bank of China (Hong Kong) Limited, Bank of China Limited, Singapore Branch, ICBC International Securities Limited, and Industrial and Commercial Bank of China (Asia) Limited will serve in similar roles, alongside ABCI Capital Limited, Huatai Financial Holdings (Hong Kong) Limited, and China Galaxy International Securities (Hong Kong) Co., Limited.

The net proceeds from the Proposed Notes Issue are primarily intended for refinancing existing offshore indebtedness and for other general corporate purposes. The offerings of the US dollar Notes and yuan Notes are not inter-conditional. Application will be made to the Stock Exchange for the listing of, and permission to deal in, the Notes by way of debt issue to Professional Investors only.