Trip.com Group Completes Repurchase of Exchangeable Notes Due 2027

Trip.com Group Completes Repurchase Offer for 1.50% Exchangeable Notes

On June 30, 2025, Trip.com Group Limited, known as a prominent travel service provider, confirmed the completion of its offer to repurchase its 1.50% Exchangeable Senior Notes maturing in 2027. This announcement was significant for investors and market watchers, as it reflects the company's ongoing management of its financial obligations and commitment to optimize its capital structure.

Key Details of the Repurchase Offer

The repurchase right offer for these Exchangeable Senior Notes officially concluded on June 27, 2025, at 5:00 PM New York City time. Notably, the company received no valid submissions of the notes for redemption prior to the deadline. This indicates a certain level of confidence from investors regarding the company’s future performance and the stability of these financial instruments.

After the completion of the offer, Trip.com Group will retain $500 million in outstanding principal amount of the Exchangeable Notes. These notes are governed by the existing terms set in the Indenture dated July 20, 2020, alongside the Supplemental Indenture dated December 15, 2020, which outlines the obligations between the company and The Bank of New York Mellon as the trustee.

Implications for Trip.com Group

This strategic move aligns with Trip.com Group's broader goals, which include enhancing shareholder value and ensuring adequate liquidity as they navigate an ever-evolving travel industry landscape. As global travel resumes and evolves post-pandemic, the company continues to adapt and innovate its service offerings.

Founded in 1999, Trip.com Group has established itself as a leader in integrated travel services, providing a range of solutions including accommodation bookings, transportation ticketing, packaged tours, and more. The firm is recognized for its customer-centric approach, offering a comprehensive suite of travel products and services that cater to diverse traveler needs.

As a part of its investor relations strategy, Trip.com Group remains committed to transparency and communication, emphasizing its dedication to keeping shareholders informed about significant developments. Documents related to the company's financial activities, including those submitted to the Securities and Exchange Commission (SEC), are accessible to the public through both the SEC's website and the company's dedicated investor portal.

This recent repurchase offer closure is a crucial component of Trip.com Group’s ongoing financial management strategy. By effectively managing its debt obligations, the company is better positioned to take advantage of growth opportunities in the travel sector, which is on a path towards recovery and expansion.

With a robust portfolio encompassing various travel brands like Ctrip, Qunar, and Skyscanner, Trip.com Group’s mission remains steadfast: to create the perfect trip for travelers worldwide. As the company continues to innovate and expand its offerings, it is keenly focused on building a better, more accessible travel experience for customers globally.

In conclusion, the completion of the repurchase offer for the Exchangeable Notes denotes a significant milestone in Trip.com Group’s financial journey. It not only reflects their proactive approach to debt management but also demonstrates their commitment to fostering shareholder confidence in an unpredictable market.

About Trip.com Group

Trip.com Group Limited, listed on Nasdaq and HKEX, is a globally recognized travel services platform that provides an array of travel-related services tailored to meet the diverse preferences of travelers. The company operates under various brands to ensure a seamless travel experience for users worldwide, embodying the spirit of exploration and the pursuit of memorable journeys.