Expedia Group, Inc. Announces Early Results of Tender Offers for Senior Notes

About this update from Expedia Group, Inc.

[{"type":"text","content":" SEATTLE--(BUSINESS WIRE)--\nExpedia Group, Inc. (NASDAQ: EXPE) (the “Company”) today announced the early tender results for its previously announced tender offers to purchase for cash up to $500,000,000 aggregate principal amount (the “Aggregate Tender Cap”) of the Company’s 2.950% Senior Notes due 2031 (the “2031 Notes”) and 3.25% Senior Notes due 2030 (the “2030 Notes” and, together with the 2031 Notes, the “Securities”).\n\nAs of 5:00 p.m., New York City time, on September 9, 2022, the previously announced early tender date and time (the “Early Tender Date”), the aggregate principal amount of each series of Securities set forth in the table below under “Principal Amount Tendered” have been validly tendered and not validly withdrawn in the Tender Offers. Withdrawal rights for the Tender Offers expired at 5:00 p.m. New York City time, on September 9, 2022, and, accordingly, Securities validly tendered in the tender offers may no longer be withdrawn except where additional withdrawal rights are required by law.\n\n\n\nTitle of\n\n\nSecurity\n\n\n\nCUSIP No./\n\n\nISIN No.\n\n\n\nPrincipal\n\n\nAmount\n\n\nOutstanding\n\n\n\nAcceptance\n\n\nPriority\n\n\nLevel(1)\n\n\n\n \n\n\nAggregate\n\n\nPrincipal\n\n\nAmount\n\n\nTendered\n\n\n\n \n\n\nAggregate\n\n\nPrincipal\n\n\nAmount\n\n\nAccepted\n\n\n\nPercent of\n\n\nTendered\n\n\nAmount\n\n\nOutstanding\n\n\n\nProration\n\n\nFactor(2)\n\n\n\n\n\n2.950%\n\n\nSenior Notes\n\n\ndue 2031\n\n\n\n30212P BH7 /\n\n\nUS30212PBH73;\n\n\n30212P BF1 /\n\n\nUS30212PBF18;\n\n\nU3010D AM2 /\n\n\nUSU3010DAM21\n\n\n\n$1,000,000,000\n\n\n\n1\n\n\n\n$685,101,000\n\n\n\n$500,000,000\n\n\n\n68.51%\n\n\n\n73.0%\n\n\n\n\n\n3.25% Senior\n\n\nNotes due\n\n\n2030\n\n\n\n30212P AR6 /\n\n\nUS30212PAR64;\n\n\n30212P AQ8 /\n\n\nUS30212PAQ81;\n\n\nU3010D AG5 /\n\n\nUSU3010DAG52\n\n\n\n$1,250,000,000\n\n\n\n2\n\n\n\nN/A(3)\n\n\n\n$0\n\n\n\nN/A(3)\n\n\n\n0%\n\n\n\n\nThe tender offers are being made pursuant to an offer to purchase, dated August 26, 2022 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), which sets forth the terms and conditions of the Tender Offers. The purchase of the 2031 Notes validly tendered and not validly withdrawn in the tender offers would cause the Company to purchase Securities with an aggregate principal amount in excess of the Aggregate Tender Cap. Acco...

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