Simpson Thacher Represents JPMorgan and Lehman Brothers in Inaugural Debt Offering by Expedia Inc.
09.05.06
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The Firm recently represented JPMorgan, Lehman Brothers and the other initial purchasers in connection with an offering of $500 million aggregate principal amount of 7.456% Senior Notes due 2018 by Expedia Inc. The offering was conducted in reliance upon Rule 144A and Regulation S. The offering was Expedia's first securities offering since its spin-off as an independent public company from IAC Corp. in August 2005.
Expedia is an online travel company whose brands include, among others, Expedia, Hotels.com, Hotwire.com, Classic Vacations, eLong and TripAdvisor. Expedia’s global travel marketplace is used by a broad range of leisure and corporate travelers and offline travel agents.
The Simpson Thacher team for the transaction included Glenn M. Reiter, William Brentani, Mark Brod, James Evans, Melissa Heaton, Jonathan Cantor, Diane Gipstein, Mark Lab and Katie White.