secwatch.observer — SEC 8-K summary
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Issuer:     Booking Holdings Inc. (BKNG)
CIK:        0001075531
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001075531-23-000033
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Booking Holdings enters new $2B unsecured revolving credit facility, replaces prior 2019 agreement
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- New $2B unsecured revolving credit facility with JPMorgan Chase as administrative agent, maturing May 17, 2028.
- Includes $80M letter of credit subfacility and $100M swingline; no immediate plans to draw.
- Replaces prior $2B credit agreement dated August 14, 2019, which was terminated.
- Financial covenant requires maintenance of leverage ratio, adjustable for acquisitions.
- Company may request increase up to $1B in aggregate via term loans or revolving increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075531/000107553123000033/0001075531-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075531/000107553123000033/bkng-20230517.htm
  HTML page:      https://secwatch.observer/filing/0001075531-23-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer