Trip.com Group Ltd. (HK:9961) has released an update.
Trip.com Group Ltd. has announced the pricing of a $1.3 billion convertible senior notes offering, due in 2029, with an option for initial purchasers to buy an additional $200 million. The net proceeds are intended for debt repayment, expansion of overseas business, and general corporate needs. Concurrently, the company plans to repurchase approximately 6 million of its ADSs for about $300 million.
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