Expedia Group, Inc. (EXPE): debt financing — Expedia enters $2.5B revolver, terminates prior facility, releases subsidiary guarantees on notes

Expedia Group, Inc.

New $2.5B unsecured revolving credit facility matures March 27, 2031; no loans drawn at closing.
Prior April 2022 credit agreement terminated; all commitments and outstanding obligations repaid.
Subsidiary guarantors automatically released from guarantees on five series of senior notes (3.800% 2028, 3.250% 2030, 4.625% 2027, 2.950% 2031, 5.400% 2035).
Facility includes $120M letter of credit sublimit; ~$42M in LCs outstanding at closing.
Pricing tied to credit ratings (1.00%-1.75% for benchmark loans; 0.10%-0.25% commitment fee); leverage ratio covenant applies.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Expedia Group, Inc. incurred credit facility of $2.5 billion with JPMorgan Chase Bank, N.A., as administrative agent at term benchmark loans, ranging from 1.00% to 1.75% per annum maturing March 27, 2031.

Instrument: credit facility
Principal: $2.5 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: term benchmark loans, ranging from 1.00% to 1.75% per annum
Maturity: March 27, 2031
Event: incurrence

Exact text from the filing

rom time to time, and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “ Administrative Agent ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Expedia Group, Inc. terminated Existing Credit Agreement with JPMorgan Chase Bank, N.A. valued at All outstanding commitments terminated and all outstanding obligations repaid (effective 2026-03-27).

Action: termination
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: All outstanding commitments terminated and all outstanding obligations repaid
Effective: 2026-03-27

Exact text from the filing

on the Closing Date the Company terminated all outstanding commitments and repaid all outstanding obligations, as applicable, under the Credit Agreement, dated as of April 14, 2022, among the Company and certain subsidiaries of the Company, as borrowers, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent (as amended, supplemented or otherwise modified from time to time, the “ Existing Credit Agreement ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Expedia Group, Inc. entered into Revolving Credit Facility with JPMorgan Chase Bank, N.A. valued at $2.5 billion aggregate commitments with $120 million letter of credit sublimit; matures March 27, 20 (effective 2026-03-27).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: $2.5 billion aggregate commitments with $120 million letter of credit sublimit; matures March 27, 20
Effective: 2026-03-27

Exact text from the filing

On March 27, 2026 (the “ Closing Date ”), Expedia Group, Inc., a Delaware corporation (the “ Company ”), entered into a Credit Agreement (as amended, supplemented or otherwise modified from time to time, the “ Revolving Credit Facility ”) among the Company, as borrower, the lenders party thereto from time to time, and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “ Administrative Agent ”).

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Expedia Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-036875

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