Qifu Technology files to sell $600M of convertible senior notes due 2030

Qifu Technology (QFIN) announced a proposed offering of convertible senior notes in an aggregate principal amount of $600M due 2030. The company plans to use the net proceeds from the Notes Offering for repurchasing the American depositary shares and/or class A ordinary shares of the company concurrently with the pricing of the Notes Offering and from time to time after the pricing of the Notes Offering pursuant to a newly established share repurchase plan.