VNET repurchases $75.3M of its convertible notes, cutting debt by 30%.

VNET Group, a major Chinese internet data center provider, has repurchased about $75.3 million of its $250 million convertible senior notes due in 2027, representing roughly 30% of the outstanding notes. The buyback was completed through private transactions at a total cost of approximately $80 million including interest. This move reduces VNET's debt burden and may improve its financial flexibility. The company continues to operate across 30+ cities in China, serving over 7,000 customers with data center and cloud services.

VNET shares are trading near their 52-week low at USD 3.96, up slightly by 0.89% as of Oct 27, 2026 19:14 WIB on Pluang. This price contrasts sharply with the 52-week high of USD 14.03, showing a significant decline over the year. The company's market cap stands at $1.12 billion, reflecting investor valuation amid its recent debt repurchase news.