Booking Holdings Files 8-K Detailing Senior Notes
Ticker: BKNG · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1075531
| Field | Detail |
|---|---|
| Company | Booking Holdings INC. (BKNG) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.008 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, filing, notes
Related Tickers: BKNG
TL;DR
BKNG filed an 8-K detailing its various senior notes due between 2024 and 2031.
AI Summary
Booking Holdings Inc. filed an 8-K on April 22, 2024, to report amendments to its articles of incorporation or bylaws and financial statements. The filing details various senior notes due in the coming years, including notes due September 2024, 2025, 2026, 2027, 2028, 2029, and 2031, with interest rates ranging from 1.8% to 4.5%.
Why It Matters
This filing provides investors with an update on Booking Holdings' debt structure, including maturity dates and interest rates for its various senior notes.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate operational or financial distress.
Key Numbers
- 2024 — Senior Notes Maturity Year (First maturity date for listed senior notes)
- 2031 — Senior Notes Maturity Year (Latest maturity date for listed senior notes)
- 1.8% — Senior Notes Interest Rate (Lowest interest rate among listed senior notes)
Key Players & Entities
- Booking Holdings Inc. (company) — Filer
- 20240422 (date) — Filing Date
- 20240418 (date) — Period of Report
- 2.375% (dollar_amount) — Interest rate on Senior Notes due September 2024
- 4.50% (dollar_amount) — Highest interest rate on Senior Notes due 2031
FAQ
What specific amendments were made to Booking Holdings' articles of incorporation or bylaws?
The filing indicates amendments to articles of incorporation or bylaws as an item information, but the specific details of these amendments are not provided in the excerpt.
What is the total principal amount of the senior notes mentioned in the filing?
The provided excerpt does not specify the total principal amount for any of the senior notes.
Are there any upcoming interest payments for the senior notes due September 2024?
The filing lists the senior notes due September 2024 with a 2.375% interest rate, but does not detail specific upcoming payment dates.
What is the purpose of filing this 8-K for Booking Holdings?
The purpose is to report amendments to articles of incorporation or bylaws and to provide financial statements and exhibits, as indicated by the 'ITEM INFORMATION' section.
Does the filing mention any new debt issuance or refinancing activities?
The filing lists existing senior notes with various maturity dates and interest rates, but does not explicitly mention new debt issuance or refinancing activities.
Filing Stats: 842 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-04-22 16:07:48
Key Financial Figures
- $0.008 — ich Registered: Common Stock par value $0.008 per share BKNG The NASDAQ Global Select
Filing Documents
- bkng-20240418.htm (8-K) — 55KB
- corporateby-lawsapril182024.htm (EX-3.1) — 186KB
- 0001075531-24-000020.txt ( ) — 538KB
- bkng-20240418.xsd (EX-101.SCH) — 6KB
- bkng-20240418_def.xml (EX-101.DEF) — 23KB
- bkng-20240418_lab.xml (EX-101.LAB) — 45KB
- bkng-20240418_pre.xml (EX-101.PRE) — 25KB
- bkng-20240418_htm.xml (XML) — 13KB
03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On April 18, 2024, the Board of Directors of Booking Holdings Inc. (the "Company") approved the amendment and restatement of the Company's By-Laws (the "Amended and Restated By-Laws"), effective immediately. The changes reflected in the Amended and Restated By-Laws include: i. Revisions to the disclosure and procedural requirements for stockholder nominations of directors and solicitation of proxies relating to the universal proxy rules adopted by the Securities and Exchange Commission; ii. Adding certain advance notice requirements for the nomination of directors relating to interview and questionnaire requirements, proxy card, and stockholder meeting procedures; iii. Addressing procedural matters in light of developments in the Delaware General Corporation Law, including clarifying edits to specify the Company's ability to hold meetings via remote communication and revisions relating to adjournment procedures for meetings of stockholders; iv. Adopting an exclusive forum provision that sets the Delaware Chancery Court, or if such court does not have jurisdiction, another state court within the State of Delaware or, if no such state court has jurisdiction, the federal district court for the District of Delaware, as the Company's exclusive forum for internal corporate claims and the U.S. federal district courts as the exclusive forum for litigation under the Securities Act of 1933, as amended; and v. Making various other technical, conforming, and clarifying changes. This description of the Amended and Restated By-Laws is a summary and is qualified in its entirety by reference to the Amended and Restated By-Laws, which is attached as Exhibit 3.1 and is incorporated by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 3.1 Amended and Restated By-Laws of Booking Holdings Inc., dated as of April 18, 2024. 104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BOOKING HOLDINGS INC. By: /s/ Peter J. Millones Name: Peter J. Millones Title: Executive Vice President and General Counsel Date: April 22, 2024