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.com, priceline.com, KAYAK, agoda.com, Rentalcars.com, and OpenTable. The Priceline Group's mission is to help people experience the world. For more information, visit PricelineGroup.com, and follow us on Twitter @PricelineGroup.
SOURCE The Priceline Group Inc.