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.