Scalper1 News
Online travel site Priceline Group (PCLN) said on Friday that it has taken on $1 billion in debt from the sale of convertible senior notes. The company said it would use the proceeds to buy back stock, with the remainder for general corporate purchases such as acquisitions. Priceline said the notes pay interest semiannually at a rate of 0.9% a year and are due in 2021. Net proceeds from the bond sale are expected to be $990 million, after Scalper1 News
Scalper1 News