Expedia begins roadshow for $500 million eight-year notes via JPMorgan, BofA

By Paul A. Harris

St. Louis, June 12 - Expedia Inc. began a roadshow on Thursday for a $500 million offering of eight-year senior unsecured notes (Ba2/BB), according to market sources.

The Rule 144A with registration rights notes are expected to price on June 19.

J.P. Morgan Securities Inc. and Banc of America Securities LLC are joint bookrunners.

The notes will come with four years of call protection.

Proceeds will be used for general corporate purposes and to repay $330 million currently outstanding under the company's credit facility.

The prospective issuer is a Bellevue, Wash., online travel services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.