Home > > Trip.com Group to raise $1.3 billion via debt offering, plans $400 million share repurchase

Trip.com Group to raise $1.3 billion via debt offering, plans $400 million share repurchase

06/06/2024| 2:32:46 PM|

The company's shares slipped 3% in the premarket hours on Tuesday following the announcement.

Trip.com Group plans to issue $1.3B of convertible unsecured senior notes due June 15, 2029, in a private offering.

Net proceeds will be used for repayment of existing financial indebtedness, expansion of its overseas business, and working capital needs.

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TAGS: Trip.com Group | debt offering | share repurchase
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