Expedia completes $1 billion bond sale with 5.5% yield due 2036

Expedia Group Inc. (NASDAQ: EXPE) completed the sale of $1 billion in senior notes on April 10, 2026, according to a company statement. The 5.500% Senior Notes due 2036 were underwritten by BofA Securities Inc. and Citigroup Global Markets Inc.

The company received approximately $986 million in net proceeds after underwriting discounts and estimated offering expenses. Expedia plans to use the funds for general corporate purposes, including debt repayment, dividends, stock repurchases, working capital, capital expenditures, and acquisitions.

The notes represent senior unsecured obligations that rank equally with the company's existing and future unsecured debt. Interest payments of 5.500% annually will be made semi-annually on April 15 and October 15, beginning October 15, 2026. The notes mature on April 15, 2036.

Expedia may redeem the notes before January 15, 2036, by paying a make-whole premium plus accrued interest. After that date, the company can redeem the notes at par value plus accrued interest.

The notes were issued under an indenture with U.S. Bank Trust Company, National Association serving as trustee. The offering was conducted through the company's existing registration statement filed in February 2025.

You May Also Be Interested In

• Coinbase CLO Paul Grewal to step down, Ryan Van Grack named Vice Chairman
• JPMorgan Double Upgrades Salzgitter AG (SZG:GR) (SZGPY) to Overweight
• Trinity Capital posts $709M in new commitments for Q2 2026