secwatch.observer — SEC 8-K summary
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Issuer:     Expedia Group, Inc. (EXPE)
CIK:        0001324424
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001104659-26-036875
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expedia enters $2.5B revolver, terminates prior facility, releases subsidiary guarantees on notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1324424/000110465926036875/0001104659-26-036875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1324424/000110465926036875/tm269986d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-036875

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