Brief: Trip.Com Updates On Offering Of $1.3 Bln Cash-Par Settled Convertible Senior Notes

Trip.com

05/06/2024 01:24

June 5 (Reuters) - Trip.com Group Ltd  9961.HK :
    * OFFERING OF US$1.3 BILLION CASH-PAR SETTLED CONVERTIBLE
SENIOR
NOTES
    * PLANS TO USE NET PROCEEDS FROM NOTES OFFERING FOR
REPAYMENT OF
EXISTING FINANCIAL INDEBTEDNESS
    * GRANTED INITIAL PURCHASERS IN NOTES OFFERING OPTION TO
PURCHASE
UP TO AN ADDITIONAL US$200 MILLION PRINCIPAL AMOUNT OF NOTES
    * CO PLANS TO REPURCHASE 6.0 MILLION ADSS IN AN AMOUNT OF US
$300
MILLION


Further company coverage:  9961.HK 

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