AI English summary of an SEC filing — figures as filed
Expedia Group EXPEThe company said it closed the offering of $1 billion aggregate principal amount of 5.400% Senior Notes due 2035, maturing on February 21, 2025. The notes were issued at 99.316% of principal amount.
Key points
AI summaryThe company said it closed the offering of $1 billion aggregate principal amount of 5.400% Senior Notes due 2035, maturing on February 21, 2025. The notes were issued at 99.316% of principal amount.
The company said the net proceeds, after underwriting discounts and commissions and estimated offering expenses, were approximately $985 million. It plans to use the proceeds for general corporate purposes, including repaying, prepaying, redeeming or repurchasing outstanding debt, paying dividends and repurchasing stock, and funding working capital, capital expenditures and acquisitions.
The company said the notes pay interest semi-annually in arrears on February 15 and August 15 at 5.400% per year, with the first payment on August 15, 2025, and mature on February 15, 2035. It may redeem the notes before November 15, 2034 by paying a make-whole premium plus accrued and unpaid interest, and on or after that date at par plus accrued and unpaid interest.
The company said the notes are its senior unsecured, unsubordinated obligations and are unconditionally guaranteed by U.S. subsidiaries that are borrowers under or guarantee its existing credit agreement. It is obligated to offer to repurchase the notes at 101% of principal amount plus accrued and unpaid interest upon certain change of control triggering events.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Expedia Group completes $1 billion 5.400% Senior Notes due 2035 offering
The company said it closed the offering of $1 billion aggregate principal amount of 5.400% Senior Notes due 2035, maturing on February 21, 2025. The notes were issued at 99.316% of principal amount.
Source · Based on the filing body and exhibits
Net proceeds of about $985 million and use of proceeds
The company said the net proceeds, after underwriting discounts and commissions and estimated offering expenses, were approximately $985 million. It plans to use the proceeds for general corporate purposes, including repaying, prepaying, redeeming or repurchasing outstanding debt, paying dividends and repurchasing stock, and funding working capital, capital expenditures and acquisitions.
Source · Based on the filing body and exhibits
Interest payment and redemption terms
The company said the notes pay interest semi-annually in arrears on February 15 and August 15 at 5.400% per year, with the first payment on August 15, 2025, and mature on February 15, 2035. It may redeem the notes before November 15, 2034 by paying a make-whole premium plus accrued and unpaid interest, and on or after that date at par plus accrued and unpaid interest.
Source · Based on the filing body and exhibits
Guarantee structure and change of control repurchase obligation
The company said the notes are its senior unsecured, unsubordinated obligations and are unconditionally guaranteed by U.S. subsidiaries that are borrowers under or guarantee its existing credit agreement. It is obligated to offer to repurchase the notes at 101% of principal amount plus accrued and unpaid interest upon certain change of control triggering events.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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