$BKNG · Booking Holdings Inc.
Booking Holdings executed four Officers' Certificates on November 13, 2026, issuing €3.55B aggregate principal of senior unsecured notes: €1.25B 3.950% due 2029, €800M 4.375% due 2032, €750M 4.750% due 2035, and €750M 5.000% due 2038. The notes rank equally with other senior unsecured obligations and carry standard redemption and event-of-default provisions. The offering was made under a November 9, 2026 underwriting agreement with Banco Santander, BNP Paribas, Deutsche Bank, Goldman Sachs, and HSBC.
- Total issuance is €3.55B across four euro-denominated tranches.
- Coupons step up from 3.950% (2029) to 5.000% (2038).
- Notes are general senior unsecured obligations ranking equally with existing senior debt.
- Interest is payable annually on November 13, beginning November 13, 2027.
- Underwriters include Banco Santander, BNP Paribas, Deutsche Bank, Goldman Sachs, and HSBC.
Extended-hours last trade $159.00, down 0.36% vs regular close. Routine refinancing/issuance drew no meaningful reaction.
A large, multi-tranche euro debt raise signals continued capital-markets access but is routine for a $118B-cap issuer.
_Not applicable._
Standard event-of-default triggers include missed payments, covenant breaches, acceleration of other debt, and bankruptcy/insolvency.