BKNG · Booking Holdings Inc.

Booking Holdings Inc. completed a $750 million registered public offering of senior notes due 2036, executed via an Officers’ Certificate on May 7, 2026 under its existing 2017 indenture with U.S. Bank Trust as trustee. The notes carry a 5.375% coupon payable semi-annually starting November 2026 and are general senior unsecured obligations ranking pari passu with other senior unsecured debt. Redemption flexibility includes a make-whole premium based on Treasury Rate plus 15 basis points before the February 7, 2036 par call date. The underwriting agreement with lead managers Citigroup, Deutsche Bank, Goldman Sachs, and J.P. Morgan was signed May 5, 2026. Additional covenants restrict liens and sale/leaseback transactions to the greater of 20% of consolidated net tangible assets or $3 billion, providing investor protections. Events of default align with customary terms, with acceleration thresholds at 25% holder consent except for bankruptcy events.