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.

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Source Fool.com