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VNET Amends Blackstone-Backed 2% Convertible Notes and Preferred Share Terms

Story Highlights
  • VNET amended its US$250 million 2% convertible notes, extending maturity to October 1, 2027 and revising interest and conversion terms with Blackstone-managed funds.
  • The company tied the termination of certain Blackstone investors’ governance rights and transfer restrictions to a minimum shareholding event, potentially easing future ownership and control shifts.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
VNET Amends Blackstone-Backed 2% Convertible Notes and Preferred Share Terms

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An update from VNET Group, Inc. Sponsored ADR ( (VNET) ) is now available.

On February 17, 2026, VNET Group, Inc. reported that it had amended its financing arrangements with funds managed by Blackstone Tactical Opportunities, including a restatement of its US$250 million 2% convertible notes originally issued in 2022 and adjustments to its series A perpetual convertible preferred share agreement from 2020. The amendments extend the convertible notes’ maturity from March 4, 2027 to October 1, 2027, refine interest deferral and repayment terms, set detailed conversion mechanics into American Depositary Shares, and link the termination of Blackstone-affiliated investors’ corporate governance rights and certain transfer restrictions to a specified reduction in their shareholding, potentially easing future ownership shifts and governance constraints as their stake declines.

The most recent analyst rating on (VNET) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on VNET Group, Inc. Sponsored ADR stock, see the VNET Stock Forecast page.

Spark’s Take on VNET Stock

According to Spark, TipRanks’ AI Analyst, VNET is a Neutral.

The score is primarily held back by weaker financial durability (losses, high leverage, and negative free cash flow). This is partly offset by a constructive earnings call with raised guidance and strong wholesale IDC-driven growth, while technicals are neutral and valuation remains challenged due to ongoing losses and no dividend support.

To see Spark’s full report on VNET stock, click here.

More about VNET Group, Inc. Sponsored ADR

VNET Group, Inc. is a China-based provider of data center services, offering colocation, managed hosting and cloud infrastructure solutions to enterprise customers. The company focuses on the growing data center services market in the regions where it operates, serving businesses that require secure, scalable and reliable IT infrastructure.

Average Trading Volume: 4,964,351

Technical Sentiment Signal: Buy

Current Market Cap: $3.71B

For an in-depth examination of VNET stock, go to TipRanks’ Overview page.

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