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July 9, 2020

Expedia Group

Seattle-based Expedia Group is selling $500 million of unsecured 3.6% senior notes due in 2023 and $750 million of unsecured 4.63% senior notes due in 2027 in a private offering. Expedia expects to use the proceeds to redeem outstanding shares of its 9.5% Series A preferred stock after May 5, 2021, when the redemption premium is scheduled to decrease. It could also use all or part of the proceeds for general corporate purposes. The private offering is expected to close on Tuesday.




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