Booking Holdings completes €3.55 billion senior note offering across four tranches
On November 13 2026 Booking Holdings issued senior unsecured notes totaling €3.55 billion in four tranches that mature between 2029 and 2038. The notes carry fixed annual coupons of 3.950 % for the 2029 tranche, 4.375 % for 2032, 4.750 % for 2035 and 5.000 % for 2038, with interest payable each November 13 starting in 2027. The proceeds are to be used for general corporate purposes, adding long‑term debt to the balance sheet.
Why it matters
The new debt increases Booking Holdings' leverage, which could affect credit metrics and future financing costs (the company notes the added borrowing in its filing). Investors will see higher interest expense beginning in 2027 as the notes start paying interest.
Key facts
- 1Total aggregate principal amount of the senior notes is €3,550,000,000. quantisnow.com
- 2The 2029 tranche has a principal of €1,250,000,000 and a coupon of 3.950 %. quantisnow.com
- 3The 2032 tranche has a principal of €800,000,000 and a coupon of 4.375 %. quantisnow.com
- 4The 2035 tranche has a principal of €750,000,000 and a coupon of 4.750 %. quantisnow.com
- 5The 2038 tranche has a principal of €750,000,000 and a coupon of 5.000 %. quantisnow.com
- 6Interest payments on all four tranches begin on November 13, 2027. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.