Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Expedia, Inc. > News item |
Expedia expected to launch $800 million 10-year notes Aug. 14 week - likely to be split-rated
By Paul A. Harris
St. Louis, Aug. 10 - Expedia, Inc., the Bellevue, Wash.-based online travel services company, announced in a Thursday news release that it plans to make an $800 million offering of senior unsecured notes with a maturity of up to 10 years.
A market source said that JP Morgan will run the books for the sale of notes, which are expected to be split-rated.
This source also said that some high-yield accounts will likely take an interest in the deal.
Proceeds will be used for general corporate purposes, which may include the repurchase of common stock, repayment of debt, acquisitions, investments, additions to working capital, capital expenditures and advances to or investments in its subsidiaries.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.