Summary
This 8-K filing from priceline.com Incorporated (now Booking Holdings Inc.) on October 12, 2006, primarily reports on the full exercise of the over-allotment option by initial purchasers for its recent private offering of Convertible Senior Notes. The company announced this event on October 11, 2006, related to its issuance of 0.50% Convertible Senior Notes due 2011 and 0.75% Convertible Senior Notes due 2013. The exercise of this option resulted in an additional $22.5 million of 2011 Notes and $22.5 million of 2013 Notes being purchased, supplementing the initial $150 million of each note series. This indicates strong investor demand and confidence in the company's financial position and future prospects at the time. The filing details that the closing for these additional notes was expected to occur on October 13, 2006.
Key Highlights
- 1Priceline.com Incorporated exercised its option to purchase an additional $22.5 million of 2011 Convertible Senior Notes and $22.5 million of 2013 Convertible Senior Notes.
- 2The additional notes were purchased by initial purchasers to cover over-allotments from a recent private offering.
- 3The initial offering priced on September 21, 2006, comprised $150 million principal amount of 2011 Notes and $150 million of 2013 Notes.
- 4The Notes were offered privately to qualified institutional buyers under Rule 144A of the Securities Act of 1933.
- 5The closing of the initial $300 million aggregate principal amount of notes occurred on September 27, 2006.
- 6The closing of the additional $45 million aggregate principal amount of notes was expected to occur on October 13, 2006.
- 7The filing states that the Notes and any underlying common stock have not been registered under the Securities Act and may not be sold without registration or an applicable exemption.