BEIJING, June 28, 2017 /PRNewswire/ -- Baidu, Inc. (NASDAQ:
BIDU) ("Baidu" or the "Company"), the leading Chinese language Internet search provider, today announced the pricing of its
public offering of US$1.5 billion aggregate principal amount of its notes. The public offering
consists of US$900 million of 2.875% notes due 2022 and US$600
million of 3.625% notes due 2027. The notes have been registered under the U.S. Securities Act of 1933, as amended, and
are expected to be listed on the Singapore Exchange Securities Trading Limited.
The Company expects to receive net proceeds from the offering of approximately US$1.49 billion, after deducting underwriting discounts and commissions and estimated offering expenses.
The Company intends to use the net proceeds from the offering to repay existing indebtedness and for general corporate
purposes.
The joint bookrunners of the offering are Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities
LLC and The Hongkong and Shanghai Banking Corporation Limited.
The Company has an effective shelf registration statement on Form F-3 (including a base prospectus) on file with the U.S.
Securities and Exchange Commission (the "SEC") and has filed a related preliminary prospectus supplement with the SEC for the
offering of the notes. When available, the final prospectus supplement for the offering of the notes will be filed with the SEC.
The offering is being made only by means of the prospectus supplement and accompanying base prospectus. Before you invest, you
should read the prospectus supplement and accompanying base prospectus and other documents that the Company has filed with the
SEC for more complete information about the Company and the offering. You may obtain these documents free of charge by visiting
EDGAR on the SEC website at www.sec.gov. Alternatively, the Company or any
underwriter or dealer participating in the offering will arrange to send an investor the prospectus supplement and accompanying
base prospectus if the investor makes such request by calling Goldman, Sachs & Co. toll-free at 1-866-471-2526, J.P. Morgan
Securities LLC at 1-212-834-4533 or HSBC Securities (USA) Inc. toll-free at 1-866-811-8049.
This announcement is not an offer of the securities for sale in the United States of America
and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these
securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction. The securities referred to herein have not been and
will not be registered under the applicable securities laws of any jurisdiction outside of the United
States of America.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search provider. Baidu aims to make a complicated world simpler for users
and enterprises through technology. Baidu's ADSs trade on the NASDAQ Global Select Market under the symbol "BIDU". Currently, ten
ADSs represent one Class A ordinary share.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements.
Among other things, the description of the proposed offering in this announcement contains forward-looking statements. Baidu may
also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in
press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements about Baidu's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results
to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's
proposed use of proceeds from the sale of debt securities; its growth strategies, its strategies for investing in and acquiring
complementary businesses and assets and its ability to execute these strategies; its future business development, including
development of new products and services; its ability to attract and retain users and customers; competition in the Chinese
Internet search market; competition for online marketing customers; changes in Baidu's revenues and certain cost or expense items
as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to
intellectual property rights; the expected growth of the Chinese language Internet search market and the number of Internet and
broadband users in China; Chinese governmental policies relating to the Internet and Internet
search providers and general economic conditions in China, Japan and elsewhere. Further information regarding these and other risks is included in Baidu's annual
report on Form 20-F, Form F-3 and other documents filed with the SEC. All information provided in this press release is as of the
date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
Sharon Ng
Baidu, Inc.
Tel: +86-10-5992-8888
Investor inquiries email: ir@baidu.com
Media inquiries email: intlcomm@baidu.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/baidu-announces-pricing-of-us15-billion-notes-offering-300481510.html
SOURCE Baidu, Inc.