Priceline Senior Notes due March 2018 to be Settled in Cash
NORWALK, Conn., Feb. 7, 2018 — The Priceline Group Inc. (Nasdaq: PCLN) announced today that in connection with any conversion of its outstanding 1.0% Convertible Senior Notes due 2018 on or after December 15, 2017, Priceline has elected to pay cash in lieu of 100% of the deliverable shares otherwise issuable upon such conversion (i.e., the “Cash Percentage” is 100%).
About The Priceline Group
The Priceline Group (NASDAQ: PCLN) is the world leader in online travel and related services, provided to customers and partners in over 220 countries and territories through six primary brands– Booking.com, priceline.com, KAYAK, agoda.com, Rentalcars.com, and OpenTable. The Priceline Group’s mission is to help people experience the world. For more information, visit PricelineGroup.com, and follow us on Twitter @PricelineGroup.
