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Priceline Senior Notes due March 2018 to be Settled in Cash

NORWALK, Conn., Feb. 7, 2018 /PRNewswire/ -- The Priceline Group Inc. (Nasdaq: PCLN) announced today that in connection with any conversion of its outstanding 1.0% Convertible Senior Notes due 2018 on or after December 15, 2017, Priceline has elected to pay cash in lieu of 100% of the deliverable shares otherwise issuable upon such conversion (i.e., the "Cash Percentage" is 100%).

About The Priceline Group 
The Priceline Group (NASDAQ: PCLN) is the world leader in online travel and related services, provided to customers and partners in over 220 countries and territories through six primary brands-- Booking.compriceline.comKAYAKagoda.comRentalcars.com, and OpenTableThe Priceline Group's mission is to help people experience the world. For more information, visit PricelineGroup.com, and follow us on Twitter @PricelineGroup.

 

Cision View original content:http://www.prnewswire.com/news-releases/priceline-senior-notes-due-march-2018-to-be-settled-in-cash-300595208.html

SOURCE The Priceline Group Inc.

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