Summary
Booking Holdings Inc. (BKNG) has filed an 8-K report on May 7, 2026, detailing the issuance of $750,000,000 in aggregate principal amount of 5.375% Senior Notes due 2036. This offering was completed through a registered public offering under an underwriting agreement with several major investment banks, including Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC. The Senior Notes are general senior unsecured obligations of the Company, ranking equally with its other senior unsecured debt. These new notes mature on May 7, 2036, and bear a semi-annual interest rate of 5.375%, payable on May 7 and November 7, with the first payment due November 7, 2026. The Company has the option to redeem the notes prior to maturity under specific conditions, including a "Par Call Date" scenario where redemption is possible at a price based on present values discounted at the Treasury Rate plus 15 basis points, or at par value on or after the Par Call Date. The indenture governing these notes includes standard covenants and events of default.
Key Highlights
- 1Issuance of $750 million in 5.375% Senior Notes due 2036.
- 2Senior Notes are unsecured general obligations, ranking pari passu with existing senior unsecured debt.
- 3Maturity date set for May 7, 2036.
- 4Semi-annual interest payments of 5.375% are due May 7 and November 7.
- 5The Company retains the right to redeem the Senior Notes prior to maturity under specified conditions.
- 6Redemption pricing includes a "Par Call" option based on Treasury Rate plus 15 basis points before February 7, 2036, and at par thereafter.
- 7The offering was conducted as a registered public offering with a syndicate of underwriters led by major financial institutions.