Trip.com buying back $395.24 million 1.99% convertibles due 2025

By Rebecca Melvin

New York, June 30 – Trip.com Group Ltd. said it is repurchasing all of the $395.24 million principal amount of 1.99% convertible senior notes due 2025 (Cusip: 22943FAH3) that were tendered under the notes’ put right for cash, according to a notice.

The put right expired at 5 p.m. ET on June 29.

The company has accepted all of the surrendered notes for repurchase and forwarded cash in payment to the paying agent for distribution.

Following settlement, the total number of ordinary shares of the company on a fully diluted basis will be reduced by 0.9 million shares.

The travel services company is based in Shanghai.

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