Priceline Group to price offering of senior notes

By Aleesia Forni

Virginia Beach, March 10 – Priceline Group Inc. is in the market on Tuesday with an offering of senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

BofA Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the joint bookrunners for the offering along with lead managers Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co.

The Norwalk, Conn.-based online travel agency plans to use proceeds for general corporate purposes, which may include share repurchases, repayment of debt and acquisitions.

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