Makemytrip limited announces proposed offering of $175 million convertible senior notes

New york, feb. 03, 2021 (globe newswire) -- gurugram, india, february 4, 2021 / new york , february 3, 2021 makemytrip limited (nasdaq: mmyt) (“mmyt” or the “company”) today announced that it proposes to offer up to $175 million in aggregate principal amount of convertible senior notes due 2028 (the “notes”) (the “notes offering”). the interest rate, the initial conversion rate and other terms of the notes have not been finalized and will be determined at the time of pricing of the notes offering. the company intends to grant to the initial purchasers in the notes offering a 30-day option to purchase up to an additional $25 million in aggregate principal amount of the notes. the notes offering is subject to market conditions and other factors.
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