Trip.com Group Reveals Proposed Offering Of $1.3B Of Convertible Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Trip.com Group has announced a proposed offering of $1.3 billion in convertible senior notes due 2029. The proceeds will be used for debt repayment, overseas business expansion, and working capital.
June 04, 2024 | 10:05 am
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Trip.com Group is issuing $1.3 billion in convertible senior notes due 2029. The funds will be used for debt repayment, overseas expansion, and working capital.
The issuance of convertible senior notes can provide Trip.com with necessary capital for strategic initiatives like debt repayment and overseas expansion. This could be seen positively by investors as it indicates growth plans and financial restructuring.
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