Priceline Senior Notes due March 2015 to be Settled in Cash

NORWALK, Conn., Feb. 6, 2015 /PRNewswire/ -- The Priceline Group (Nasdaq: PCLN) announced today that in connection with any conversion of its outstanding 1.25% Convertible Senior Notes due 2015 on or after Friday, February 13, 2015, Priceline has elected to pay cash in lieu of 100% of the deliverable shares otherwise issuable upon such conversion (i.e., the "Cash Percentage" is 100%).

About The Priceline Group

The Priceline Group Inc. (NASDAQ: PCLN) is the world's leading provider of online travel and related services, provided to consumers and local partners in over 200 countries through six primary brands: Booking.com, priceline.com, Agoda.com, KAYAK, rentalcars.com and OpenTable.  For more information visit PricelineGroup.com.

Contact: Leslie Cafferty, [email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/priceline-senior-notes-due-march-2015-to-be-settled-in-cash-300032474.html

SOURCE The Priceline Group Inc.

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