Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Booking Holdings Floats $750 Million in Convertible Debt

TheMotleyFool

0 0

Booking Holdings Floats $750 Million in Convertible Debt

Online travel agency Booking Holdings (NASDAQ: BKNG) is booking a large new issue of debt. The company announced Wednesday that it is floating $750 million worth of convertible senior notes. They will be issued in a private placement that should close on Tuesday, April 14.

These 0.75% notes mature on May 1, 2025, and are payable on May 1 and Nov. 1 of every year; the first payment will take place this November. Holders can convert them into either cash up to their principal amount, or Booking Holdings common stock.

Image source: Getty Images.

Source Fool.com

Like: 0

BKNG

Share