VNET · VNET Group, Inc.

Summary

VNET Group, Inc. announced that certain Blackstone Tactical Opportunities investment vehicles notified the Company and Trustee of a Transfer Event and Minimum Shareholding Event related to its Amended 2% Convertible Notes due 2027 with US$250.0 million principal, effective February 17, 2026, with Accumulated Interest Amount of US$20,125,000.00. This terminates certain corporate governance rights under the 2022 Convertible Notes Investment Agreement and 2020 Preferred Shares Investment Agreement.

Key takeaways

• Investors notified Company of Transfer Event and Minimum Shareholding Event on February 17, 2026
• Events relate to Amended 2% Convertible Notes due 2027 with US$250.0 million principal
• Accumulated Interest Amount on Transfer Event Effective Date: US$20,125,000.00
• Termination of corporate governance rights under 2022 Convertible Notes Investment Agreement
• Termination of corporate governance rights under 2020 Preferred Shares Investment Agreement
• Indenture dated February 13, 2026 between VNET and Citibank, N.A. as Trustee