JD.com Enters into a Green Loan Facility

Rhea-AI Summary

JD.com has secured a five-year, US$2.0 billion unsecured term and revolving loan facility, marking its first green loan. Priced at 85 basis points over LIBOR, the funds will be allocated to existing or new green projects and for general corporate purposes. The facility is pending final registration with Chinese regulatory authorities.

As a leading supply chain-based technology provider, JD.com aims to enhance its retail infrastructure and drive innovation across various sectors.

Positive

• Secured a US$2.0 billion unsecured loan facility to fund green projects.
• First green loan facility enhances JD.com's commitment to sustainability.

Negative

• Loan facility is subject to regulatory approval, introducing uncertainty.
• Dependence on the success of green projects for effective utilization of funds.

BEIJING, Dec. 29, 2021 (GLOBE NEWSWIRE) -- JD.com, Inc. (the “Company” or “JD.com”) (Nasdaq: JD; HKEX: 9618), a leading supply chain-based technology and service provider, today announced that it has entered into a five-year US$2.0 billion unsecured term and revolving loan facility with five lead arrangers. This loan facility is the Company’s first green loan facility. The term and revolving loans under this facility are priced at 85 basis points over LIBOR. The Company intends to use the proceeds from this loan facility to (i) finance or refinance in whole or in part, one or more of its new or existing eligible green projects and/or (ii) general corporate purposes. This loan facility remains subject to the final registration with the applicable regulatory authority in China.

About JD.com
JD.com is a leading supply chain-based technology and service provider. The company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

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 quotations from management in this announcement, as well as JD.com’s strategic and operational plans, contain forward-looking statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), 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 JD.com’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: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; laws, regulations and governmental policies relating to the industries in which JD.com or its business partners operate; potential changes in laws, regulations and governmental policies or changes in the interpretation and implementation of laws, regulations and governmental policies that could adversely affect the industries in which JD.com or its business partners operate, including, among others, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; risks associated with JD.com’s acquisitions, investments and alliances, including fluctuation in the market value of JD.com’s investment portfolio; impact of the COVID-19 pandemic; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.

CONTACTS

Investor Relations
Ruiyu Li
Senior Director of Investor Relations
+86 (10) 8912-6804
IR@JD.com

Media Relations
+86 (10) 8911-6155
Press@JD.com

FAQ

What is the significance of JD.com's new loan facility?

JD.com has secured a US$2.0 billion loan facility aimed at financing green projects, signaling a commitment to sustainability.

How is the new loan facility priced?

The loan facility is priced at 85 basis points over LIBOR.

What will JD.com use the loan facility for?

The loan proceeds will finance eligible green projects and support general corporate purposes.

When was the loan facility announced?

The loan facility was announced on December 29, 2021.

Is the loan facility approved yet?

The loan facility is still subject to final registration with applicable regulatory authorities in China.