Expedia Group Inc. Announces Closing of a Public Offering of 5.400 Senior Notes due 2035

Expedia Group Inc. recently announced the successful closing of its public offering of 5.400 senior notes due 2035. The offering, which was oversubscribed, saw strong demand from investors, resulting in the issuance of $1 billion in senior notes. The notes carry an interest rate of 5.400% and are expected to mature in 2035.

The proceeds from this offering will be utilized for general corporate purposes, including working capital, repayment of debt, and potential acquisitions. This move further strengthens Expedia's financial position and provides the company with increased flexibility to capitalize on growth opportunities in the travel industry.

The offering was underwritten by top-tier investment banking firms, who have shown confidence in Expedia's future performance. With this successful offering, Expedia has demonstrated its ability to attract investment and solidify its position as a leader in the online travel sector.

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