Liberty TripAdvisor Holdings, Inc. Announces Proposed Private Offering of Exchangeable Senior Debentures

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty TripAdvisor Holdings, Inc. (“Liberty TripAdvisor”) (NASDAQ: LTRPA, LTRPB) announced today that it intends to offer $300 million aggregate original principal amount of exchangeable senior debentures due 2051 (the “Debentures”), exchangeable for Tripadvisor, Inc. (“TRIP”) common stock, in a private offering (or up to $330 million aggregate original principal amount of Debentures if the initial purchasers for the offering exercise in full the option to purchase additional Debentures expected to be granted to them). The Debentures will be exchangeable at the option of holders during specified periods. Upon an exchange of Debentures, Liberty TripAdvisor, at its option, may deliver shares of TRIP common stock or the value thereof in cash or a combination of shares of TRIP common stock and cash.