By Rebecca Melvin
New York, Sept. 11 – Expedia Group Inc. announced in a news release on Wednesday that it has agreed to sell $1.25 billion of 3.25% senior notes due 2030 at 99.225 in a private Rule 144A and Regulation S offering.
The notes will be guaranteed by certain Expedia subsidiaries.
The net proceeds from the notes are for general corporate purposes, which may include repayment of debt, working capital, capital expenditures and acquisitions.
The notes are expected to close on Sept. 19.
Expedia is a Bellevue, Wash.-based online travel company.
| Issuer: | Expedia Group Inc.
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Maturity: | 2030
|
| Coupon: | 3.25%
|
| Price: | 99.225
|
| Pricing date: | Sept. 11
|
| Settlement date: | Sept. 19
|
| Distribution: | Rule 144A and Regulation S
|
© 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.
