Trip.com Group Announces Option to Acquire 1.50% Exchangeable Senior Notes maturing in 2027
In a recent announcement, Trip.com Group Limited, a leading global travel platform, has revealed its intention to repurchase its 1.50% Exchangeable Senior Notes due 2027. The repurchase option, known as the 2025 Repurchase Right, will allow holders to require the company to buy back their Exchangeable Notes from July 1, 2025.
The repurchase date is set for July 1, 2025, which coincides with an interest payment date for the Exchangeable Notes. On this day, the company will pay accrued and unpaid interest on all Exchangeable Notes up to June 30, 2025. The repurchase option period will run from May 28, 2025 to June 27, 2025.
Holders of the Exchangeable Notes have the flexibility to withdraw their tendered Notes at any time before June 27, 2025. The repurchase price for the Notes will be 100% of the principal amount, plus accrued and unpaid interest up to July 1, 2025. If all outstanding Exchangeable Notes are surrendered for repurchase, the aggregate cash purchase price will be US$500,000,000.
The offer to purchase the Exchangeable Notes will be made through the Company's 2025 Repurchase Right Notice and related documents. For further information, interested parties can contact Trip.com Group Limited's Investor Relations at +86 (21) 3406-4880 X 12229 or [email protected].
Trip.com Group Limited is listed on Nasdaq (TCOM) and HKEX (9961). As of May 27, 2025, there was US$500,000,000 in aggregate principal amount of the Exchangeable Notes outstanding. The company's mission is "to pursue the perfect trip for a better world."
For more detailed information about the 2025 Repurchase Right, materials can be found on the SEC's website (http://www.sec.gov) and the Company's website (http://investors.trip.com). The original content of this announcement can be found at this link: https://www.prnewswire.com/news-releases/tripcom-group-announces-repurchase-right-notification-for-1-50-exchangeable-senior-notes-due-2027-302465598.html.
In light of the repurchase plan, holders of Trip.com Group Limited's Exchangeable Notes might find relevant news in the financial sector about potential investing opportunities, especially in the cloud and business sectors, given the company's mission to pursue perfection in travel and contribute to a better world. On July 1, 2025, when the repurchase date coincides with the interest payment date for the Exchangeable Notes, it's possible that we might see a significant cloud or business-related news release from the company, as it relates to their future financial plans and strategies.
