Priceline greenshoe exercised, raising convertibles to $100 million

Pittsburgh, June 24 - Priceline.com said the underwriters of its recent offering of 2.25% convertible senior notes due Jan. 15, 2025 exercised the $10 million over-allotment option in full, raising the size of the convertibles to $100 million.

The Norwalk, Conn., online travel agency originally priced $90 million of the securities after the close on June 22 to yield 2.25% with a 37.5% initial conversion premium.

Goldman Sachs & Co. was the bookrunner for the Rule 144A deal.

Proceeds will be used for general corporate purposes, strategic purposes and working capital.

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