Orbitz, subsidiaries to guarantee four Expedia notes following merger

By Tali Rackner

Norfolk, Va., Sept. 17 – Orbitz Worldwide, Inc. and some of its wholly owned subsidiaries have or will become guarantors of the obligations under four series of Expedia, Inc. senior notes, according to an 8-K filing with the Securities and Exchange Commission.

The guarantee is in connection with the closing of the company’s merger with Xeta, Inc. an indirect wholly owned subsidiary of Expedia.

The series include Expedia’s 7.456% senior notes due 2018, 5.95% senior notes due 2020, 4.5% senior notes due 2024 and 2.5% senior notes due 2022.

Orbitz is a Chicago-based online travel agency. Expedia is a Bellevue, Wash.-based online travel 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.