NEW YORK (Standard&Poor's) Sept. 28, 2006--Standard&Poor's Ratings Services said today that it assigned its 'B' rating to online travel agency Priceline.com Inc.'s $150 million convertible senior notes due 2011 and $150 million convertible senior notes due 2013. At the same time, we affirmed the corporate credit rating on the company at 'B'. Proceeds from the offering will be used to fund the buyback of about $130 million in Priceline.com common stock and the repurchase of a portion of the company's outstanding convertible senior notes due 2010 and 2025. Priceline.com has not disclosed how much of the outstanding convertible senior notes that it plans to repurchase. The outlook is stable. Pro forma for the debt offering, total
