Expedia Raises $1 Billion Through Senior Notes Offering

By Bobby Samwell • Saturday, February 22 10:13 • Permanent Link

Expedia Group, Inc. has closed a registered public offering of $1 billion aggregate principal amount of unsecured 5.400% senior notes due 2035. The senior notes were issued at a price of 99.316% of the aggregate principal amount with a coupon of 5.400% and are guaranteed by certain subsidiaries of Expedia Group.

The net proceeds from the senior notes offering were approximately $985 million after deducting discounts and estimated offering expenses payable by Expedia Group. These funds are intended to be used for general corporate purposes, including the repayment, prepayment, redemption, or repurchase of outstanding debt, dividends and stock repurchases, as well as funding for working capital, capital expenditures, and acquisitions.

This offering marks a significant financial move for Expedia Group, providing a substantial injection of capital for strategic initiatives and potentially improving its overall financial position. Today the company's shares have moved -4.1% to a price of $196.81. Check out the company's full 8-K submission here.

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