Trip.com Group Announces Repurchase Right Notification for 1.50% Exchangeable Senior Notes due 2027 By Investing.com

Journey.com Group Restricted (Nasdaq: TCOM), a number one one-stop journey service supplier for lodging reservation, transportation ticketing, packaged excursions and company journey administration, at this time introduced that it’s notifying holders of its 1.50% Exchangeable Senior Notes due 2027 (CUSIP No. G9066FAA9) (the “Exchangeable Notes”) that pursuant to the Indenture dated as of July 20, 2020 (the “Indenture”) and the Supplemental Indenture dated as of December 15, 2020 (the “Supplemental Indenture,” along with the Indenture, the “Indentures”) regarding the Exchangeable Notes by and between the Firm and The Financial institution of New York Mellon, as trustee, every holder has the precise, on the choice of such holder, to require the Firm to repurchase for money on every of July 1, 2023 (the “2023 Repurchase Proper”) and July 1, 2025 all of such holder’s Exchangeable Notes, or any portion thereof that is the same as US$200,000 or an integral a number of of US$1,000 in extra thereof. Holders of the Exchangeable Notes could train the 2023 Repurchase Proper from 9:00 a.m., New York Metropolis time, on Friday, Could 26, 2023 to 5:00 p.m., New York Metropolis time, on Thursday, June 29, 2023.

The 2023 Repurchase Proper entitles every holder of the Exchangeable Notes to require the Firm to repurchase for money on July 1, 2023 all of such holder’s Exchangeable Notes, or any portion thereof that is the same as US$200,000 or an integral a number of of US$1,000 in extra thereof. The repurchase worth for such Exchangeable Notes will likely be equal to 100% of the principal quantity of the Exchangeable Notes to be repurchased, plus any accrued and unpaid curiosity to, however excluding, July 1, 2023, which is the date specified for repurchase within the Indentures (the “2023 Repurchase Date”), topic to the phrases and situations of the Indentures and the Exchangeable Notes. The 2023 Repurchase Date is an curiosity fee date underneath the phrases of the Indentures and the Exchangeable Notes. Accordingly, on July 1, 2023, being the curiosity fee date, the Firm can pay accrued and unpaid curiosity on the entire Exchangeable Notes by June 30, 2023, to all holders who’re holders of file at 5:00 p.m., New York Metropolis time, on Thursday, June 15, 2023, no matter whether or not the 2023 Repurchase Proper is exercised with respect to such Exchangeable Notes. On the 2023 Repurchase Date, there will likely be no accrued and unpaid curiosity on the Exchangeable Notes. As July 1, 2023 is a Saturday, the Firm can pay the repurchase worth for the Exchangeable Notes tendered and the accrued curiosity on the entire Exchangeable Notes on Monday, July 3, 2023, the following succeeding enterprise day following the 2023 Repurchase Date, pursuant to the Indentures. As of Could 26, 2023, there was US$500,000,000 in combination principal quantity of the Exchangeable Notes excellent. If all excellent Exchangeable Notes are surrendered for repurchase by train of the 2023 Repurchase Proper, the combination money buy worth will likely be US$500,000,000.

The chance for holders of the Exchangeable Notes to train the 2023 Repurchase Proper commences from 9:00 a.m., New York Metropolis time, on Friday, Could 26, 2023, and can terminate at 5:00 p.m., New York Metropolis time, on Thursday, June 29, 2023. With a view to train the 2023 Repurchase Proper, a holder should comply with the transmittal procedures set forth within the Firm’s 2023 Repurchase Proper Discover to holders (the “2023 Repurchase Proper Discover”), which is obtainable by the Depository Belief Firm and The Financial institution of New York Mellon. Holders could withdraw any beforehand tendered Exchangeable Notes pursuant to the phrases of the 2023 Repurchase Proper at any time previous to 5:00 p.m., New York Metropolis time, on Thursday, June 29, 2023, which is the second enterprise day instantly previous the 2023 Repurchase Date, or as in any other case offered by relevant regulation.

This press launch is for data solely and isn’t a proposal to buy, a solicitation of a proposal to buy, or a solicitation of a proposal to promote the Exchangeable Notes or some other securities of the Firm. The supply to buy the Exchangeable Notes will likely be made solely pursuant to, and the Exchangeable Notes could also be tendered solely in accordance with, the Firm’s 2023 Repurchase Proper Discover dated Could 26, 2023 and associated paperwork. Holders of the Exchangeable Notes could request the Firm’s 2023 Repurchase Proper Discover from the paying agent, The Financial institution of New York Mellon.

HOLDERS OF EXCHANGEABLE NOTES AND OTHER INTERESTED PARTIES ARE URGED TO READ THE COMPANY’S 2023 REPURCHASE RIGHT NOTICE AND OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TRIP.COM GROUP LIMITED AND THE 2023 REPURCHASE RIGHT.

Supplies filed or furnished with the SEC will likely be out there electronically with out cost on the SEC’s web site, https://www.sec.gov. Paperwork filed or furnished with the SEC may be obtained with out cost on the Firm’s web site, https://buyers.journey.com.

About Journey.com Group Restricted

Journey.com Group Restricted (Nasdaq: TCOM; HKEX: 9961) is a number one world one-stop journey platform, integrating a complete suite of journey services and products and differentiated journey content material. It’s the go-to vacation spot for vacationers in China, and more and more for vacationers all over the world, to discover journey, get impressed, make knowledgeable and cost-effective journey bookings, take pleasure in hassle-free on-the-go help, and share journey expertise. Based in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Firm at the moment operates underneath a portfolio of manufacturers, together with Ctrip, Qunar, Journey.com, and Skyscanner, with the mission “to pursue the proper journey for a greater world.”

For additional data, please contact:

Investor Relations
Journey.com Group Restricted
Tel: +86 (21) 3406-4880 X 12229
Electronic mail: iremail@journey.com

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SOURCE Journey.com Group Restricted