LIBERTY TRIPADVISOR HL A - LTRPA STOCK NEWS

Liberty TripAdvisor Holdings, Inc. (Nasdaq: LTRPA, LTRPB) announced that Greg Maffei, its Chairman, President, and CEO, will present at the MoffettNathanson Media & Communications Virtual Summit on May 12 at 2:00 p.m. E.D.T. The presentation will cover the company’s financial performance and future outlook. Interested parties can register for the live webcast on the company’s website, where an archive will be available for 180 days post-event following SEC filings.

Liberty TripAdvisor Holdings invites shareholders and analysts to a Q&A session following Liberty Broadband Corporation’s Q1 earnings call on May 7th at 11:15 a.m. (E.D.T.). Hosted by CEO Greg Maffei, the call will cover the financial performance and outlook of both companies. The call will include a live internet broadcast, with replays available on the Liberty TripAdvisor website. Shareholders can participate by calling GlobalMeet with a provided passcode 10 minutes before the session.

Liberty TripAdvisor Holdings (Nasdaq: LTRPA, LTRPB) has successfully issued an additional $30 million of 0.50% exchangeable senior debentures due 2051, following the exercise of the Overallotment Option. These funds were partially utilized to repurchase 10,665 shares of its 8% Series A Cumulative Redeemable Preferred Stock from Certares Management, totaling 137,586 shares repurchased for approximately $373 million. The transaction was financed through $281 million cash and $92 million in Tripadvisor, Inc. common stock. After this transaction, Liberty TripAdvisor holds about 16.4 million shares of Tripadvisor, representing a 22% economic interest.

Liberty TripAdvisor announced the repurchase of 126,921 shares of its 8% Series A Cumulative Redeemable Preferred Stock in a private transaction with Certares Management for approximately $344 million.

This transaction, funded by $252 million in cash from previously announced senior debentures and $92 million in Tripadvisor common stock, represents 39% of Certares' Preferred Shares. Following this repurchase, Liberty TripAdvisor will have about 198,000 Preferred Shares outstanding, valued at approximately $538 million.

Liberty TripAdvisor Holdings has closed a private offering of $300 million in 0.50% exchangeable senior debentures due in 2051, with an option for purchasers to buy an additional $30 million. Each $1,000 bond is exchangeable for approximately 14.33 shares of Tripadvisor common stock, priced at $69.78 per share. Proceeds will fund part of a $344 million transaction to repurchase 39% of its 8% Preferred Shares from Certares Management. This transaction is expected to conclude by March 29, 2021.

Liberty TripAdvisor Holdings has priced a private offering of $300 million in 0.50% exchangeable senior debentures due 2051, exchangeable for Tripadvisor, Inc. (TRIP) common stock. An additional $30 million option is available for initial purchasers. The offering aims to fund the repurchase of approximately 39% of its 8% Series A Preferred Shares from Certares Management for around $344 million. Following the transaction, Liberty TripAdvisor would maintain a 22% economic interest in TRIP. The closing is anticipated by March 25, 2021.

Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA, LTRPB) plans to offer $300 million in exchangeable senior debentures due 2051, potentially increasing to $330 million if additional options are exercised. These debentures are exchangeable for Tripadvisor, Inc. (TRIP) stock. The proceeds will be used to repurchase about 40% of preferred shares from Certares Management LLC in a pending transaction. The repurchase is subject to market conditions and will not be registered under the Securities Act, limiting sales to qualified institutional buyers.

Liberty TripAdvisor Holdings, Inc. (Nasdaq: LTRPA, LTRPB) announced a repurchase agreement with Certares Management LLC, aiming to buy back approximately 40% of the 8% Series A Cumulative Redeemable Preferred Stock. The repurchase will be financed through $92 million in Tripadvisor common stock and proceeds from Exchangeable Senior Debentures. Certares has waived its right to redeem the Preferred Shares before the mandatory redemption date and agreed to maintain a strategic partnership with Liberty TripAdvisor.

Liberty TripAdvisor Holdings, Inc. (Nasdaq: LTRPA, LTRPB) will have its Chairman, President, and CEO, Greg Maffei, present at the Deutsche Bank Media, Internet and Telecom Conference on March 8 at 4:00 p.m. E.S.T. Maffei is expected to discuss the company's financial performance and future outlook. The presentation will be streamed live online, and interested individuals can register via the company's website. An archive will be available for 180 days post-event.

Liberty TripAdvisor Holdings, Inc. operates TripAdvisor, the world’s largest online travel community.