Ctrip.com (CTRP) Prices Larger 28.5M Offering at $45.96/ADS
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Ctrip.com (CTRP) Prices Offering of Convertible Senior Notes
September 7, 2016 9:10 AM EDTCtrip.com International, Ltd. (Nasdaq: CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China ("Ctrip" or the "Company"), today announced the pricing of US$900 million in aggregate principal amount of convertible senior notes due 2022 (the "Notes"). The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the "Securities Act"), and certain non-U.S. persons in compliance with Regulation S under the Securities Act. The Company has granted the initial purchasers a... More
Ctrip.com (CTRP) Proposes 22.5M ADS Offering
September 6, 2016 9:07 AM EDTCtrip.com International, Ltd. (Nasdaq: CTRP) announced the commencement of the offering of 22,500,000 American depositary shares (the "ADSs"), each representing 0.125 of an ordinary share of the Company (the "ADS Offering"). The Company intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 3,375,000 ADSs to cover over-allotments, if any.
The Company also commenced a concurrent offering of up to US$750 million in aggregate principal aggregate principal amount of convertible senior notes due 2022 (the "Notes") (the "Notes Offering"). The Company intends to grant the initial... More