New Oriental Announces the Pricing of US$300 Million Notes Offering
BEIJING, June 24, 2020 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced the pricing of its offering of US$300 million aggregate principal amount of its 2.125% notes due 2025.
- BEIJING, June 24, 2020 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced the pricing of its offering of US$300 million aggregate principal amount of its 2.125% notes due 2025.
- The Company expects to receive net proceeds from the offering of approximately US$297.1 million, after deducting joint bookrunners' commissions and estimated offering expenses.
- The joint bookrunners of the offering are BofA Securities and UBS AG Hong Kong Branch.
- The notes have been offered outside the United States in reliance on Regulation S under the Securities Act.