Tag Archives: pcln

Video: Priceline Plans Debt Offering After Big Acquisitions

Priceline Group Tuesday said that it plans to offersenior notes in an underwritten public offering, subject to market and other conditions. The Norwalk, Conn.-based online travel company says that it plans to use the proceeds for general corporate purposes that might include acquisitions, stock repurchases and repayment of other debt. The company didn’t give a size for its new debt offering. Priceline Group (PCLN) has been buying back shares and

Priceline Group Takes On Debt To Fund Share Buybacks

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

Video: Priceline Hits 5-Month High After Q2 Earnings

Priceline (PCLN) stock was up more than 3%, at a five-month high, in early trading in the stock market today after the Web travel agency reported second-quarter earnings that handily beat analysts’ views. Revenue, however, slightly missed expectations, partly due to the impact on Southeast Asian business caused by civil unrest in Thailand and ripple effects from the disappearance of Malaysian Airlines Flight 370 in early March. Q3 guidance also