Booking Holdings Reports Exit Costs, Details Senior Notes

Ticker: BKNG · Form: 8-K · Filed: 2024-11-08T00:00:00.000Z

Sentiment: neutral

Topics: debt, restructuring, disposal

Related Tickers: BKNG

TL;DR

Booking Holdings is cleaning house, filing exit costs and detailing a bunch of debt due over the next decade.

AI Summary

Booking Holdings Inc. filed an 8-K on November 8, 2024, to report on costs associated with exit or disposal activities. The filing details various senior notes due in different years, ranging from 2025 to 2036, with interest rates varying from 3.500% to 4.750%. This indicates potential restructuring or divestitures within the company's operations.

Why It Matters

This filing signals potential strategic shifts or divestitures within Booking Holdings, which could impact its future business structure and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates potential restructuring or disposal activities, which can introduce uncertainty and financial risk.

Key Numbers

Key Players & Entities

FAQ

What specific exit or disposal activities is Booking Holdings undertaking?

The filing does not specify the exact nature of the exit or disposal activities, only that costs are associated with them.

What is the total amount of costs associated with these exit or disposal activities?

The filing does not disclose the specific dollar amount of costs associated with the exit or disposal activities.

Which specific senior notes are detailed in this filing?

The filing lists senior notes due in 2025, 2026, 2027, 2028, 2029, 2031, 2032, 2033, 2034, and 2036.

What are the interest rates for the mentioned senior notes?

The interest rates range from 3.500% to 4.750% for the various senior notes.

Is this filing related to a specific business segment being divested?

The filing does not specify which business segments, if any, are involved in the exit or disposal activities.

From the Filing

0000950157-24-001497.txt : 20241108 0000950157-24-001497.hdr.sgml : 20241108 20241108162650 ACCESSION NUMBER: 0000950157-24-001497 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241108 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20241108 DATE AS OF CHANGE: 20241108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Booking Holdings Inc. CENTRAL INDEX KEY: 0001075531 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 061528493 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36691 FILM NUMBER: 241441018 BUSINESS ADDRESS: STREET 1: 800 CONNECTICUT AVE CITY: NORWALK STATE: CT ZIP: 06854 BUSINESS PHONE: 203-299-8000 MAIL ADDRESS: STREET 1: 800 CONNECTICUT AVE CITY: NORWALK STATE: CT ZIP: 06854 FORMER COMPANY: FORMER CONFORMED NAME: Priceline Group Inc. DATE OF NAME CHANGE: 20140328 FORMER COMPANY: FORMER CONFORMED NAME: PRICELINE COM INC DATE OF NAME CHANGE: 19981221 8-K 1 form8-k.htm CURRENT REPORT 8-K false 0001075531 0001075531 2024-11-08 2024-11-08 0001075531 bkng:Zero100SeniorNotesDue2025Member 2024-11-08 2024-11-08 0001075531 bkng:Four000SeniorNotesDue2026Member 2024-11-08 2024-11-08 0001075531 bkng:One800SeniorNotesDue2027Member 2024-11-08 2024-11-08 0001075531 bkng:Zero500SeniorNotesDue2028Member 2024-11-08 2024-11-08 0001075531 bkng:Three625SeniorNotesDue2028Member 2024-11-08 2024-11-08 0001075531 bkng:Four250SeniorNotesDue2029Member 2024-11-08 2024-11-08 0001075531 bkng:Three500SeniorNotesDue2029Member 2024-11-08 2024-11-08 0001075531 bkng:Four500SeniorNotesDue2031Member 2024-11-08 2024-11-08 0001075531 bkng:Three625SeniorNotesDue2032Member 2024-11-08 2024-11-08 0001075531 bkng:Four125SeniorNotesDue2033Member 2024-11-08 2024-11-08 0001075531 bkng:Four750SeniorNotesDue2034Member 2024-11-08 2024-11-08 0001075531 bkng:Three750SeniorNotesDue2036Member 2024-11-08 2024-11-08 0001075531 bkng:Four000SeniorNotesDue2044Member 2024-11-08 2024-11-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 8, 2024 Booking Holdings Inc. (Exact name of registrant as specified in its charter)   Delaware   1-36691   06-1528493 (State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 800 Connecticut Avenue Norwalk Connecticut   06854 (Address of principal executive offices)   (zip code) Registrant's telephone number, including area code: ( 203 ) 299-8000 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities Registered Pursuant to Section 12(b) of the Act: Title of Each Class:   Trading Symbol   Name of Each Exchange on which Registered: Common Stock par value $0.008 per share   BKNG   The NASDAQ Global Select Market 0.100% Senior Notes Due 2025   BKNG 25   The NASDAQ Stock Market LLC 4.000% Senior Notes Due 2026   BKNG 26   The NASDAQ Stock Market LLC 1.800% Senior Notes Due 2027   BKNG 27   The NASDAQ Stock Market LLC 0.500% Senior Notes Due 2028   BKNG 28   The NASDAQ Stock Market LLC 3.625% Senior Notes Due 202

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