Expedia Group Inc. on Sept. 11 priced a private offering of $1.25 billion aggregate principal amount of 3.25% unsecured senior notes due 2030.
The travel services company will issue the notes at a price of 99.225% of the aggregate principal amount. The company intends to use the net proceeds from the offering to fund general corporate purposes, which it said may include working capital, capital expenditures, acquisitions and repayment of indebtedness.
The offering is expected to close Sept. 19, subject to customary closing conditions.
The notes are being offered for sale to qualified institutional buyers in offerings exempt from registration pursuant to Rule 144A under the Securities Act and to persons outside the U.S. in compliance with Regulation S under the Securities Act.
