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Liberty Expedia to repay up to $350 million of loan via exchangeables
By Marisa Wong
Morgantown, W.Va., June 6 – Liberty Expedia Holdings, Inc. said it expects to repay up to $350 million outstanding under its margin loan facility using proceeds from an offering of senior exchangeable debentures.
On Tuesday the company said it plans to issue senior debentures exchangeable for Expedia, Inc. common stock in a private offering.
Any remaining proceeds will be used for general corporate purposes, according to a news release.
Liberty Interactive is a media and communications company based in Englewood, Colo. Liberty Expedia’s main assets consist of its interest in online travel company Expedia, Inc. and sports and fitness products retailer Bodybuilding.com, LLC.
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