Company Announces Right to Repurchase 1.50% Exchangeable Senior Notes Maturing in 2027, Held by Trip.com Group
In a recent announcement, Trip.com Group Limited, a leading global one-stop travel platform, revealed that its repurchase right offer for its 1.50% Exchangeable Senior Notes due 2027 did not receive any valid tenders before the deadline. As a result, no notes were repurchased under this offer, and the US$500,000,000 aggregate principal amount of these Notes remain outstanding.
The repurchase right offer, which commenced on May 28, 2025, and ended on June 27, 2025, at 5:00 p.m. New York City time, was an opportunity for investors to surrender their Notes for repurchase by Trip.com Group. The paying agent, The Bank of New York Mellon, confirmed that no Exchangeable Notes were validly surrendered and not withdrawn before the offer expired.
The repurchase price would have been 100% of the principal amount of the Exchangeable Notes, plus any accrued and unpaid interest up to, but excluding, July 1, 2025. Holders of Exchangeable Notes were urged to read the Company's 2025 Repurchase Right Notice as it contains important information about the 2025 Repurchase Right.
Trip.com Group Limited, listed on Nasdaq (TCOM) and HKEX (9961), has a mission to pursue the perfect trip for a better world. The company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com, and Skyscanner. For further information or confirmation by telephone regarding the 2025 Repurchase Right, investors can contact 1 (315) 414-3317.
Documents related to the repurchase right offer can be obtained from the Company's website, http://investors.trip.com, or from the SEC's website, http://www.sec.gov, free of charge. Materials filed or furnished with the SEC can also be accessed electronically for free at the SEC's website. For specific inquiries about the 2025 Repurchase Right Notice, investors can request it from the paying agent, The Bank of New York Mellon.
The offer to purchase the Exchangeable Notes will be made only pursuant to the Company's 2025 Repurchase Right Notice and related documents. Holder must follow the transmittal procedures set forth in the Company's 2025 Repurchase Right Notice to exercise the 2025 Repurchase Right. Holder can withdraw previously tendered Exchangeable Notes at any time before June 27, 2025, or as otherwise provided by applicable law.
[1] Reprinted with permission from Trip.com Group Limited. [3] Information sourced from Trip.com Group Limited. [5] Data as of May 27, 2025.
Cloud-based financial news could report that despite Trip.com Group Limited's repurchase right offer for its Exchangeable Senior Notes due 2027, no valid tenders were received before the deadline from banking and insurance investors. The industry analysts following the travel industry might express concern that this news indicates a lack of investor confidence in Trip.com Group Limited's financial future.
