Expedia Group, Inc. Announces Closing of a Public Offering of 5.400% Senior Notes due 2035
Expedia Group has successfully closed a registered public offering of $1 billion in unsecured 5.400% Senior Notes due 2035. The notes were issued at 99.316% of the aggregate principal amount, generating net proceeds of approximately $985 million after deducting discounts and estimated offering expenses.
The Senior Notes, guaranteed by certain Expedia Group subsidiaries, will be used for general corporate purposes, including debt repayment, dividends, stock repurchases, working capital, capital expenditures, and potential acquisitions.
Expedia Group ha concluso con successo un'offerta pubblica registrata di 1 miliardo di dollari in obbligazioni senior non garantite al 5,400% con scadenza nel 2035. Le obbligazioni sono state emesse al 99,316% dell'importo principale totale, generando proventi netti di circa 985 milioni di dollari dopo aver dedotto sconti e spese di offerta stimate.
Le obbligazioni senior, garantite da alcune sussidiarie di Expedia Group, saranno utilizzate per scopi aziendali generali, inclusi il rimborso del debito, i dividendi, il riacquisto di azioni, il capitale circolante, le spese in conto capitale e potenziali acquisizioni.
Expedia Group ha cerrado con éxito una oferta pública registrada de 1 mil millones de dólares en Notas Senior no garantizadas al 5.400% con vencimiento en 2035. Las notas se emitieron al 99.316% del monto principal total, generando ingresos netos de aproximadamente 985 millones de dólares después de deducir descuentos y gastos estimados de oferta.
Las Notas Senior, garantizadas por ciertas subsidiarias de Expedia Group, se utilizarán para fines corporativos generales, incluyendo el reembolso de deuda, dividendos, recompra de acciones, capital de trabajo, gastos de capital y adquisiciones potenciales.
익스피디아 그룹은 2035년 만기 5.400% 무담보 선순위 채권 10억 달러의 등록 공개 발행을 성공적으로 마쳤습니다. 채권은 총 원금의 99.316%로 발행되어, 할인 및 추정 발행 비용을 차감한 후 약 9억 8500만 달러의 순수익을 창출했습니다.
선순위 채권은 익스피디아 그룹의 특정 자회사가 보증하며, 부채 상환, 배당금, 자사주 매입, 운영 자본, 자본 지출 및 잠재적 인수 등 일반 기업 목적에 사용될 예정입니다.
Expedia Group a réussi à clôturer une offre publique enregistrée de 1 milliard de dollars en Obligations Senior non garanties à 5,400% arrivant à échéance en 2035. Les obligations ont été émises à 99,316% du montant principal total, générant des produits nets d'environ 985 millions de dollars après déduction des remises et des frais d'offre estimés.
Les Obligations Senior, garanties par certaines filiales d'Expedia Group, seront utilisées à des fins corporatives générales, y compris le remboursement de la dette, les dividendes, les rachats d'actions, le fonds de roulement, les dépenses d'investissement et les acquisitions potentielles.
Expedia Group hat erfolgreich eine registrierte öffentliche Angebotsrunde von 1 Milliarde Dollar in unbesicherten 5,400% Senior Notes mit Fälligkeit im Jahr 2035 abgeschlossen. Die Notes wurden zu 99,316% des Gesamtbetrags des Nennwerts ausgegeben, was nach Abzug von Rabatten und geschätzten Angebotskosten zu einem Nettoprofit von etwa 985 Millionen Dollar führte.
Die Senior Notes, die von bestimmten Tochtergesellschaften der Expedia Group garantiert werden, werden für allgemeine Unternehmenszwecke verwendet, einschließlich der Rückzahlung von Schulden, Dividenden, Aktienrückkäufen, Betriebskapital, Investitionen und potenziellen Akquisitionen.
- Secured $985 million in net proceeds from Senior Notes offering
- Strategic flexibility with multiple use options for the funds
- Long-term debt structure with 2035 maturity
- Additional long-term debt obligation at 5.400% interest rate
- Issued at discount (99.316%) of principal amount
Insights
This $1 billion senior notes offering represents a strategic move by Expedia to strengthen its financial position while maintaining flexibility for various corporate initiatives. The 5.400% coupon rate for 11-year notes reflects a reasonable spread over Treasury yields, indicating strong market confidence in Expedia's credit quality and long-term prospects.
The subsidiary guarantees enhance the notes' security profile, effectively creating a more attractive investment proposition for institutional investors. The slight discount to par value (99.316%) suggests appropriate pricing given current market conditions and Expedia's credit metrics.
The versatile allocation of proceeds signals a balanced approach to capital deployment. The company's ability to potentially retire higher-cost debt could optimize its interest expense, while the option to return capital to shareholders through dividends and buybacks demonstrates financial strength. The inclusion of acquisitions in the use of proceeds suggests management is maintaining strategic optionality for inorganic growth opportunities in the evolving travel technology landscape.
This debt issuance provides Expedia with enhanced financial flexibility without immediately committing to specific uses, allowing management to opportunistically deploy capital across various value-creating initiatives. The 11-year maturity profile indicates confidence in the company's long-term sustainability while spreading out debt maturities to manage refinancing risk.
The net proceeds from the Senior Notes Offering were approximately
This press release does not constitute an offer to sell or a solicitation of an offer to purchase the Senior Notes or any other securities, an offer to purchase or a solicitation of an offer to sell the Senior Notes or any other securities, or an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These forward-looking statements reflect the views of our management regarding current expectations and projections about future events and are based on currently available information. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, but not limited to, those discussed in our Annual Report on Form 10-K for the year ended December 31, 2024, Part I, Item 1A, “Risk Factors” and Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. Other unknown or unpredictable factors also could have a material adverse effect on our business, financial condition and results of operations. Accordingly, readers should not place undue reliance on these forward-looking statements. The use of words such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “goal,” “intends,” “likely,” “may,” “plans,” “potential,” “predicts,” “projected,” “seeks,” “should” and “will,” or the negative of these terms or other similar expressions, among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. We are not under any obligation to, and do not intend to, publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise, even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Please carefully review and consider the various disclosures made in this press release and in our reports filed with the SEC that attempt to advise interested parties of the risks and factors that may affect our business, prospects and results of operations.
About Expedia Group
Expedia Group, Inc. brands power travel for everyone, everywhere through our global platform. Driven by the core belief that travel is a force for good, we help people experience the world in new ways and build lasting connections. We provide industry-leading technology solutions to fuel partner growth and success, while facilitating memorable experiences for travelers. Expedia Group’s three flagship consumer brands include: Expedia®, Hotels.com®, and Vrbo®.
For more information, visit www.expediagroup.com. Follow us on X @expediagroup and check out our LinkedIn.
© 2025 Expedia, Inc., an Expedia Group company. All rights reserved. Trademarks and logos are the property of their respective owners. CST: 2029030-50
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Source: Expedia Group, Inc.
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