Booking Holdings Inc. has executed four Officers’ Certificates to issue new debt under its existing 2017 Indenture with U.S. Bank Trust Company, National Association. The filings report the sale of four series of Senior Notes with a combined aggregate principal amount of €3.55 billion.
The new debt issuance includes:
- €1.25 billion of 3.950% Senior Notes due November 13, 2029.
- €800 million of 4.375% Senior Notes due November 13, 2032.
- €750 million of 4.750% Senior Notes due November 13, 2035.
- €750 million of 5.000% Senior Notes due November 13, 2038.
Interest on all four series will begin on November 13, 2027, and will be payable annually on that date. The notes are general senior unsecured obligations of the company, ranking equally with its other senior unsecured indebtedness.
The Indenture governing the notes includes standard events of default, such as failure to make required payments, breaches of covenants, and bankruptcy or insolvency events. These defaults may allow the Trustee or holders of at least 25% of the outstanding principal amount to declare the principal amount due and payable immediately.
