06:56 AM EDT, 06/04/2024 (MT Newswires) -- Trip.com ( TCOM ) said Tuesday that it plans to offer $1.3 billion in aggregate principal amount of convertible senior notes due 2029 to qualified institutional buyers.

The notes are set to mature on June 15, 2029, and the company said it plans to grant initial purchasers an option to purchase up to $200 million principal amount of the notes.

Trip.com ( TCOM ) said concurrent with the offering's pricing, it plans to buy back up to $400 million of its American depositary shares using existing cash.

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