21Vianet Announces Pricing of Follow-on Offering of 17,000,000 American Depositary Shares

BEIJING, Aug. 26, 2020 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (“21Vianet” or the “Company”) (Nasdaq: VNET), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced the pricing of a follow-on offering by it of 17,000,000 American depositary shares (“ADSs”), each representing six of its Class A ordinary shares (the “Follow-on Offering”), at a public offering price of US$20.75 per ADS. The underwriters will have a 30-day option to purchase up to an aggregate of 2,550,000 additional ADSs from 21Vianet at the same price.

The offering is expected to close on August 28, 2020, subject to customary closing conditions.

21Vianet expects to use approximately 80% of the net proceeds from this offering to expand the Company’s data center infrastructure by organic growth and strategic acquisitions; and the remaining for research and development and other general corporate purposes including debt repayment.

Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Jefferies LLC are acting as joint book-running managers for the Follow-on Offering.

The securities described above are being offered by 21Vianet under the Company’s shelf registration statement on Form F-3 which was filed by 21Vianet with the Securities and Exchange Commission (the “SEC”) and automatically became effective as of July 23, 2020. A preliminary prospectus supplement has been filed, and a final prospectus supplement will be filed, with the SEC, available at the SEC website at: http://www.sec.gov. Copies of the preliminary prospectus supplement and the final prospectus supplement may be obtained, when available, from: Credit Suisse Securities (USA) LLC, 11 Madison Avenue, New York, NY 10010 3629, United States of America, Attention Prospectus Department; Morgan Stanley &. Co. LLC, 2nd Floor, 180 Varick Street, New York, NY 10014, United States of America, Attention Prospectus Department; or Jefferies LLC, 520 Madison Avenue, 2nd Floor, New York, NY 10022, United States of America, Attention Equity Syndicate Prospectus Department.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.