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Expedia Group Raising New Capital

Apr 23, 2020 - Nasdaq
Board and Executive Moves-Investments

Apollo and Silver Lake to anchor the financing

SEATTLE, April 23, 2020 /PRNewswire/ -- Expedia Group, Inc. (NASDAQ: EXPE) announced today that it is raising approximately $3.2 billion of new capital, consisting of a $1.2 billion private placement of perpetual preferred stock and approximately $2 billion in new debt financing.  These efforts are part of a comprehensive strategy to enhance Expedia Group's financial flexibility and strengthen its liquidity position.  Investment funds mana...