30212P105 Filings — Expedia Group, Inc. - FilingSpy
30212P105
Expedia Group, Inc.
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A travel technology company and one of the world's largest online travel agencies, Expedia Group runs the booking sites Expedia, Hotels.com, Vrbo, Orbitz, and Trivago, letting travelers arrange flights, hotels, vacation rentals, and more in one place. It began in 1996 as a project inside Microsoft in Bellevue, Washington, and was spun off as its own company in 1999. The name blends "exploration" and "speed," and its early team famously worked out of a modest office park with used furniture, dodging the flashy dot-com culture of the era.
Expedia Group appoints Derek Andersen as CFO, effective May 11, 2026
Derek Andersen, former CFO of Snap Inc., will succeed Schenkel and report to CEO Ariane Gorin.
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Scott Schenkel will step down as CFO effective May 11, 2026, and depart the company on May 16, 2026.
Andersen receives an annual base salary of $1,000,000 and a $2,500,000 signing bonus paid in installments.
He will receive an initial equity award of $17,000,000 in RSUs and be eligible for annual equity awards with a target value of $10,000,000.
Andersen will be based in Seattle, with relocation assistance including a $30,000 monthly housing allowance for up to 13 months.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Expedia Group completes $1.0 billion offering of 5.500% Senior Notes due 2036
On April 8, 2026, Expedia Group entered into an underwriting agreement with BofA Securities and Citigroup Global Markets to sell $1.0 billion aggregate principal amount of 5.500% Senior Notes due 2036.
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The sale of the Notes was completed on April 10, 2026, with net proceeds of approximately $986 million after underwriting discounts and estimated offering expenses.
The Notes mature on April 15, 2036, pay interest semi-annually on April 15 and October 15 (beginning October 15, 2026), and are senior unsecured, unsubordinated obligations ranking equally with existing and future unsecured debt.
Expedia may redeem the Notes before January 15, 2036 at a make-whole premium, and at par on or after that date; a change of control triggers an offer to repurchase at 101% of principal plus accrued interest.
Proceeds are intended for general corporate purposes, including debt repayment, dividends, stock repurchases, working capital, capital expenditures, and acquisitions.
The offering was made under Expedia's existing Form S-3ASR shelf registration statement, and the notes were issued under a base indenture supplemented by a Third Supplemental Indenture dated April 10, 2026.
On March 27, 2026, Expedia Group entered into a new $2.5 billion unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent.
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The facility matures on March 27, 2031, and had no loans outstanding at closing, with about $42 million in standby letters of credit issued.
Interest rates on loans range from 1.00% to 1.75% for term benchmark loans and 0.00% to 0.75% for base rate loans, depending on credit ratings.
Expedia terminated its existing April 14, 2022 credit agreement and repaid all outstanding obligations under it.
Subsidiary guarantors were released from guarantees on five series of senior notes, with supplemental indentures executed on March 27, 2026.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits