Booking Holdings to price fixed-rate notes in three tranches

By Devika Patel

Knoxville, Tenn., April 8 – Booking Holdings, Inc. intends to sell fixed-rate senior notes in three tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have make-whole calls and then par calls.

BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., TD Securities (USA) LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

The co-managers are HSBC Securities (USA) Inc., ICBC Standard Bank, Mizuho Securities USA Inc. and Standard Chartered Bank.

Proceeds will be used for general corporate purposes, including debt repayment and repayment of the company’s 0.35% convertible senior notes due June 15, 2020 and its 0.9% convertible senior notes due Sept. 15, 2021.

The online travel company is based in Norwalk, Conn.

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