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Expedia names longtime board member as CEO, seeks $3.2B in new capital

Apr 24, 2020 - SNL Financial
Board and Executive Moves-Investments

The online travel services operator plans to raise $1.2 billion in a private placement of perpetual preferred stock and about $2 billion in new debt financing.

Expedia Group Inc. appointed a new CEO and is raising about $3.2 billion in fresh capital to strengthen its liquidity position amid the coronavirus pandemic, the company said in separate statements on April 23.

The Seattle-based company named Vice Chairman Peter Kern as its CEO and appointed interim CFO Eric Hart as permanent ...