Company: GDHLF
Filing Date: 2025-05-29
Form Type: 424B5
Source: 0001104659-25-053912
Chunk: 39

Company: GDS Holdings Ltd
Filing Date: 2025-05-29
Form: 424B5
Chunk 39
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30-day option to purchase up to an additional 780,000 Primary ADSs. On May 27, 2025, we announced the pricing of the Concurrent Primary ADSs Offering, at a public offering price of US$24.50 per ADS. If the Concurrent Primary ADSs Offering is consummated, we expect that offering will produce net proceeds of approximately US$123.0 million, or approximately US$141.6 million if the underwriters exercise their option to purchase additional Primary ADSs in full, after deducting the underwriting discounts and commissions and estimated aggregate offering expenses payable by us. We plan to use such net proceeds for general corporate purposes, working capital needs and the refinancing of our existing indebtedness, including potential future negotiated repurchases, or redemption upon exercise of the investor put right, of the 2029 Convertible Notes, pursuant to a separate prospectus supplement and the accompanying prospectus, in the Concurrent Primary ADS Offering. Neither this prospectus supplement nor the accompanying prospectus is an offer in respect of the Concurrent Primary ADS Offering.

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The completion of the Delta Placement of Borrowed ADSs is contingent upon the completion of both the Concurrent Primary ADSs Offering and the Concurrent Notes Offering, and the completion of each of the Concurrent Primary ADSs Offering and the Concurrent Notes Offering is contingent upon the completion of each other and the Delta Placement of Borrowed ADSs hereunder. If the Concurrent Notes Offering is not consummated, the Concurrent Primary ADSs Offering will terminate, the ADS Loan under the ADS Lending Agreement will terminate, and the Delta Placement of Borrowed ADSs will terminate and all of the Borrowed ADSs (or ADSs fungible with the Borrowed ADSs or other substitute securities or property as provided for in the ADS Lending Agreement) must be returned to us.

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SUMMARY CONSOLIDATED FINANCIAL AND OPERATING DATA You should read the following information in conjunction with our consolidated financial statements and the related notes incorporated into this prospectus supplement by reference to our 2024 Annual Report, our unaudited interim condensed consolidated financial statements and the related notes included in Exhibit 99.1 to the May 27 Form 6-K, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in Exhibit 99.2 to the May 27 Form 6-K, all of which are incorporated