Trip.com Group Ltd. (HK:9961) has released an update.
Trip.com Group Ltd. has announced a proposed offering of $1.3 billion in convertible senior notes due in 2029, with an additional option for initial purchasers to buy up to $200 million more. The funds raised are intended for the repayment of debt, expansion of overseas business, and general corporate purposes. Alongside this offering, the company plans a concurrent repurchase of its ADSs up to $400 million, aimed at mitigating dilution from the note conversions and assisting initial purchasers in hedging their investments.
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