LIBERTY EXPEDIA HOLDINGS, INC. (NASDAQ:LEXEA) Files An 8-K Regulation FD Disclosure
Item 7.01.Regulation FD Disclosure.
On June 6, 2017 and June 8, 2017, Liberty Expedia Holdings, Inc.
( Liberty) announced the proposed offering and pricing,
respectively,of $350 million aggregate principal amount of its
1.0% Exchangeable Senior Debentures due 2047(the Debentures) to
an exemption under the Securities Act of 1933, as amended.
Liberty also granted to the initial purchasers an option to
purchase additional debentures with an aggregate principal amount
up to $50 million. The offering is expected to close on June 13,
2017, subject to satisfaction of customary closing conditions.
Liberty expects to use the net proceeds of the offering, together
with cash on hand, to repay $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.
This Current Report on Form 8-K and the press releasesregarding
Libertys proposed offering and pricing attached hereto as
Exhibits 99.1 and 99.2, respectively,are being furnished to the
Securities and Exchange Commission under Item 7.01 of Form 8-K in
satisfaction of the public disclosure requirements of Regulation
FD and shall not be deemed “filed” for any purpose.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits.
|
ExhibitNo. |
Description |
|
99.1 |
Press Release, dated June 6, 2017 regarding the offering. |
|
99.2 |
Press Release, dated June 8, 2017 regarding the pricing. |
2
About LIBERTY EXPEDIA HOLDINGS, INC. (NASDAQ:LEXEA)
Liberty Expedia Holdings, Inc. is a holding company. The Company holds interests in Expedia, Inc. (Expedia) and Bodybuilding.com, LLC (Bodybuilding). The Company’s segments include Bodybuilding and Expedia. Bodybuilding is an Internet retailer of sports, fitness and nutritional supplements. Expedia provides travel and services to leisure and corporate travelers in the United States and abroad, as well as various media and advertising offerings to travel and non-travel advertisers. Bodybuilding hosts an online health-and-fitness publication, offering free fitness content, workout programs, video trainers, recipes, health advice and motivational stories. Expedia has a portfolio of travel brands, including its subsidiaries, which feature a supply portfolio. As of September 30, 2016, its portfolio included over 321,000 properties in approximately 200 countries, 475 airlines, packages, rental cars and cruises, as well as destination services and activities.
