Booking Holdings Seeks to Raise $750 Million Through Senior Convertible Notes
08 April 2020 - 11:02PM
Dow Jones News
By Dave Sebastian
Booking Holdings Inc. said it is seeking to raise $750 million
through an offering of senior convertible notes to fund its
operations.
The convertible notes will mature on May 1, 2025, Booking said.
The company said it would use the proceeds to repay debt.
In cutting costs amid the coronavirus pandemic, Booking's Chief
Executive Glenn Fogel and the company's three brand CEOs will forgo
their salaries.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
April 08, 2020 08:47 ET (12:47 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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