Liberty Expedia Holdings, Inc. Proposes Private Offering of Exchangeable Senior Debentures

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Expedia Holdings, Inc. ("Liberty") (Nasdaq: LEXEA, LEXEB) announced today that it intends to issue senior debentures exchangeable for Expedia, Inc. common stock in a private offering. The debentures will be exchangeable at the option of holders during specified periods. Upon an exchange of debentures, Liberty, at its option, may deliver Expedia, Inc. ("Expedia") common stock, cash or a combination of Expedia common stock and cash. Liberty expects to use the net proceeds of the offering to repay up to $350 million outstanding under its margin loan facility entered into by a wholly owned special purpose subsidiary. Any remaining net proceeds will be used for general corporate purposes, including to pay interest on the debentures.