Trip.com $500 Million Exchangeable Senior Notes Offering
7/20/2020

Davis Polk advised the initial purchasers in a Regulation S offering by Trip.com Group Limited of $500 million aggregate principal amount of 1.500% exchangeable senior notes due 2027.

Trip.com Group Limited is a Nasdaq listed company and a leading one-stop travel service provider consisting of Trip.com, Ctrip, Skyscanner and Qunar. Across its platforms, Trip.com Group Limited enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services through aggregation of comprehensive travel-related information and resources and an advanced transaction platform consisting of mobile apps, Internet websites and 24/7 customer service centers.

The Davis Polk corporate team included partner James C. Lin and registered foreign lawyer Jennifer (Yujia) Jiang and Moran Zhang. The equity derivatives team included partner John M. Brandow, associates Katharine O’Banion and Lindsey B. Meyers-Perez. Counsel Alon Gurfinkel and associates Omer Harel and Summer Xia provided tax advice. Members of the Davis Polk team are based in the Hong Kong, New York and London offices.