Summary
This Form 8-K filing from The Priceline Group Inc. (now Booking Holdings Inc.) on March 13, 2015, announces the execution of an Officers' Certificate related to the issuance of $500,000,000 aggregate principal amount of 3.650% Senior Notes due 2025. These notes are unsecured senior obligations of the company, ranking equally with other senior unsecured debt and borrowings under its revolving credit facility. The issuance represents a significant financing activity, providing the company with long-term capital at a fixed interest rate.
Key Highlights
- 1The Priceline Group Inc. issued $500,000,000 in aggregate principal amount of 3.650% Senior Notes due 2025.
- 2The issuance is governed by an Indenture between the Company and Deutsche Bank Trust Company Americas, as trustee.
- 3The Notes mature on March 15, 2025, with semi-annual interest payments of 3.650% starting September 15, 2015.
- 4These Notes are general unsecured senior obligations and rank equally with other existing senior unsecured debt.
- 5The company retains the option to redeem some or all of the Notes prior to maturity.
- 6Customary events of default are included in the Indenture, with provisions for acceleration of amounts due.
Frequently Asked Questions
This 8-K filing reports on a material definitive agreement entered into by The Priceline Group Inc. Specifically, it details the execution of an Officers' Certificate related to the issuance of $500,000,000 of 3.650% Senior Notes due 2025.
The notes have a principal amount of $500,000,000, a fixed interest rate of 3.650% per annum, payable semi-annually, and mature on March 15, 2025. They are unsecured senior obligations of the company.
The 3.650% Senior Notes due 2025 rank equally with the company's other general unsecured senior obligations, including previously issued convertible senior notes and any borrowings under its revolving credit facility.
Yes, the company has the option to redeem some or all of the Notes at the applicable redemption price, as detailed in the form of the Note.