Booking Holdings Inc. (NASDAQ:BKNG) releases the pricing of its private offering

Booking Holdings Inc. (NASDAQ:BKNG) spotted trading -34.48% off 52-week high price. On the other end, the stock has been noted 23.91% away from the low price over the last 52-weeks. The stock changed -0.31% to recent value of $1372.06. The stock transacted 779891 shares during most recent day however it has an average volume of 659.33K shares. The company has 42.04M of outstanding shares and 40.83M shares were floated in the market.

On April 8, 2020, Booking Holdings Inc. (NASDAQ:BKNG) released the pricing of its private offering of $750,000,000 aggregate principal amount of 0.75% convertible senior notes due 2025 (the Convertible Notes) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The issuance and sale of the Convertible Notes is scheduled to settle on April 14, 2020, subject to customary closing conditions. Booking Holdings granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Convertible Notes are first issued, up to an additional $112,500,000 principal amount of Convertible Notes.

The Convertible Notes will be senior, unsecured obligations of Booking Holdings and will accrue interest at a rate of 0.75% per annum, payable semi-annually in arrears on May 1 and November 1 of each year, beginning on November 1, 2020. The Convertible Notes will mature on May 1, 2025, unless earlier repurchased or converted. In certain circumstances and during specified periods, the Convertible Notes may be converted into cash up to their principal amount, and into shares of Booking Holdings common stock or cash at Booking Holdings’ election for the conversion value above the principal amount, if any. The initial conversion rate is 0.5301 shares of common stock per $1,000 principal amount of convertible notes, which represents an initial conversion price of approximately $1,886.44 per share of common stock. The initial conversion price represents a premium of approximately 37.5% over the last reported sale of $1372.06 per share of Booking Holdings’s common stock on April 8, 2020. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.

Its earnings per share (EPS) expected to touch remained 35.40% for this year while earning per share for the next 5-years is expected to reach at 8.08%. BKNG has an operating margin of 35.50% while its profit margin remained 32.30% for the last 12 months.

According to the most recent quarter its current ratio was 1.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 5.57% from the mean of 20 days, -14.90% from mean of 50 days SMA and performed -26.65% from mean of 200 days price. Company’s performance for the week was 7.90%, -11.99% for month and YTD performance remained -33.19%.

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