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August 15, 2014
05:16 EDTPCLNPriceline prices $1B senior notes offering
Priceline announced the pricing of $1B principal amount of Convertible Senior Notes due 2021 through a private offering to qualified institutional buyers. The notes will pay interest semiannually at a rate of 0.90% per annum. In certain circumstances, the notes may be converted into cash up to their principal amount, and into shares of Priceline common stock and/or cash at Priceline's election for the conversion value above the principal amount based on a conversion rate of 0.4865 shares of common stock per $1,000 principal amount of the notes. Priceline estimates that the net proceeds from the offering of notes will be approximately $990M, after deducting estimated fees and expenses. Priceline plans to use the net proceeds from the offering of the notes to repurchase approximately $147M of its outstanding common stock in privately negotiated, off-market transactions, which may be effected through the initial purchasers of the notes or their affiliates, concurrently with the consummation of the offering. Any remaining net proceeds will be used for general corporate purposes, which may include repaying outstanding debt, repurchasing additional shares of the company's common stock and corporate acquisitions.
News For PCLN From The Last 14 Days
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November 30, 2015
10:21 EDTPCLNWyndham Vacation Rentals, announce distribution agreement, part of The Priceline Group (PCLN), and Wyndham Vacation Rentals, part of Wyndham Exchange & Rentals and the Wyndham Worldwide family of brands (WYN), have announced a new worldwide distribution agreement. Through this arrangement, Wyndham's global portfolio of vacation rental brands, including Landal GreenParks, NOVASOL, Hoseasons, and Wyndham Vacation Rentals North America, will now be able to utilize the website and mobile apps as distribution channels for their properties. Over the past two years, has worked individually with several brands of Wyndham Vacation Rentals, primarily in Europe. " has been a great partner for us in Europe, and we're very excited to extend our relationship globally through this new agreement," said Gail Mandel, president and CEO, Wyndham Exchange & Rentals, the parent company of Wyndham Vacation Rentals. Additional terms of the agreement have not been disclosed.
November 19, 2015
13:24 EDTPCLNExpedia CEO says shut out of TripAdvisor Instant Booking for now, Skift says
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November 17, 2015
16:33 EDTPCLNPriceline appoints Christa Quarles CEO of OpenTable
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