EXPEDIA GROUP COMMENCES CASH TENDER OFFER FOR UP TO $500M IN DEBT SECURITIES

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Expedia Group($NASDAQ:EXPE) has commenced a cash tender offer to purchase up to $500 million in debt securities. The securities include $1 billion in 2.950% senior notes due 2031 and $1.25 billion in 3.25% senior notes due 2030. The purpose of the tender offer is to reduce Expedia Group’s overall debt burden and improve its financial flexibility. The tender offer is expected to have a positive impact on Expedia Group’s earnings in the long term. In the short term, the company may experience some fluctuations in its stock price and earnings as investors adjust to the news. However, overall, the move should be beneficial for Expedia Group and its shareholders.

Market Price

The move was announced after the stock market closed on Thursday, and shares of the company’s stock opened at $108.8 on Friday but closed at $103.4. “This cash tender offer is another step in our efforts to improve our capital structure and further reduce our costs of borrowing,” said Expedia Group CFO Mark Okerstrom. “We continue to be focused on executing on our strategic priorities and creating shareholder value.”

VI Analysis

The company’s fundamentals reflect its long term potential, and the VI app makes it easy to see how EXPEDIA GROUP stacks up. According to the VI Star Chart, EXPEDIA GROUP has an intermediate health score of 5/10, which means it should be able to safely ride out any crisis without the risk of bankruptcy. Additionally, EXPEDIA GROUP is classified as a ‘rhino’, which is a type of company that has achieved moderate revenue or earnings growth. This makes it less risky and volatile, as it pursues a sustainable growth rate. Finally, EXPEDIA GROUP is strong in asset, profitability, and medium in growth, but weak in dividend.

Summary

Bank National Association, as trustee. In addition, holders of Notes who tender their Notes on or prior to the Expiration Time and whose Notes are accepted for purchase will receive accrued and unpaid interest on their purchased Notes from the last interest payment date up to, but not including, the date on which payment for such Notes is made by Expedia Group.