Expedia eyes $1.2 billion placement of perpetual preferreds, warrants

By Devika Patel

Knoxville, Tenn., April 23 – Expedia Group Inc. plans a $1.2 billion private placement of non-voting and non-convertible perpetual preferred stock and warrants with investors Apollo Global Management, Inc. and Silver Lake, according to a press release.

The company also plans to raise about $2 billion in a Rule 144A private offering of senior notes.

Expedia is a Bellevue, Wash.-based online travel company.

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