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Booking Holdings logoBooking Holdings BKNG

The company said on Tuesday, February 27, 2024, it entered into an underwriting agreement with the underwriters, led by the representatives named in the filing, to issue and sell €2,750,000,000 in aggregate principal amount of Senior Notes in a registered public offering.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said on Tuesday, February 27, 2024, it entered into an underwriting agreement with the underwriters, led by the representatives named in the filing, to issue and sell €2,750,000,000 in aggregate principal amount of Senior Notes in a registered public offering.

  2. The company said it executed the Officers’ Certificates on March 1, 2024, and that the Senior Notes consist of 3.500% due 2029 totaling €500,000,000, 3.625% due 2032 totaling €650,000,000, 3.750% due 2036 totaling €850,000,000, and 4.000% due 2044 totaling €750,000,000.

  3. The company said the 2029, 2032, 2036 and 2044 notes will mature on 2029, 2032, 2036 and March 1, 2044, respectively, unless earlier redeemed or repurchased. It said interest is payable annually on March 1, with the first interest payment due on March 1, 2025.

  4. The company said it may redeem each Senior Note before its Par Call Date at the greater of 100% of principal and the present value of remaining scheduled payments. The spread is 20 basis points for the 2029 and 2032 notes and 25 basis points for the 2036 and 2044 notes. After the Par Call Date, it may redeem them at 100% of principal.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

€2,750,000,000 Senior Notes Offering

The company said on Tuesday, February 27, 2024, it entered into an underwriting agreement with the underwriters, led by the representatives named in the filing, to issue and sell €2,750,000,000 in aggregate principal amount of Senior Notes in a registered public offering.

Source · Based on the filing body and exhibits

Principal Structure of Four Note Series

The company said it executed the Officers’ Certificates on March 1, 2024, and that the Senior Notes consist of 3.500% due 2029 totaling €500,000,000, 3.625% due 2032 totaling €650,000,000, 3.750% due 2036 totaling €850,000,000, and 4.000% due 2044 totaling €750,000,000.

Source · Based on the filing body and exhibits

Maturity Dates and Interest Payment Terms

The company said the 2029, 2032, 2036 and 2044 notes will mature on 2029, 2032, 2036 and March 1, 2044, respectively, unless earlier redeemed or repurchased. It said interest is payable annually on March 1, with the first interest payment due on March 1, 2025.

Source · Based on the filing body and exhibits

Early Redemption Terms and Par Call Date

The company said it may redeem each Senior Note before its Par Call Date at the greater of 100% of principal and the present value of remaining scheduled payments. The spread is 20 basis points for the 2029 and 2032 notes and 25 basis points for the 2036 and 2044 notes. After the Par Call Date, it may redeem them at 100% of principal.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.