Trip.com Group Limited Announces Completion of Offering of US$1.5 Billion Cash-par Settled Convertible Senior Notes

Core Viewpoint - Trip.com Group Limited has successfully completed a US$1.5 billion offering of convertible senior notes due 2029, which will be used for debt repayment, overseas business expansion, and working capital needs [1][2]. Group 1: Notes Offering Details - The offering includes an additional US$200 million due to the full exercise of the initial purchasers' option [1] - The notes will bear an interest rate of 0.75% per year, payable semiannually starting December 15, 2024, and will mature on June 15, 2029 [2] - The initial conversion rate is set at 15.0462 American depositary shares (ADSs) per US$1,000 principal amount, translating to an initial conversion price of approximately US$66.46 per ADS [2] Group 2: Regulatory and Legal Information - The notes and the ADSs deliverable upon conversion have not been registered under the Securities Act and may only be offered to qualified institutional buyers [3] - This press release does not constitute an offer to sell or a solicitation of an offer to purchase any of these securities [3] Group 3: Company Overview - Trip.com Group Limited is a leading global one-stop travel platform, providing a comprehensive suite of travel products and services [5] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to enhance the travel experience for users [6]