Expedia to sell senior unsecured notes via private offering

Atlas Mara

Expedia, Inc. said it is commencing a private offering of senior unsecured notes, subject to market and other conditions.

The company said in a statement that if the offering is consummated, Expedia expects to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, (i) repayment, prepayment, redemption or repurchase of Expedia’s indebtedness (including, but not limited to, Expedia’s 7.456% senior notes due 2018) and (ii) working capital, capital expenditures and acquisitions.

General corporate purposes may also include, without limitation, dividends, stock repurchases, investments and advances to or other investments in Expedia’s subsidiaries. There can be no assurance that the issuance and sale of the Notes will be consummated.

The Notes will be offered and sold only to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933.

The Notes have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.