On August 26, 2022, Expedia Group, Inc. (the “Company”) issued a press release
announcing that it has commenced tender offers (the “Tender Offers”) to purchase for
cash up to $500 million aggregate principal amount of its
2.950% Senior Notes due 2031 and 3.25% Senior Notes due 2030. The
Tender Offers are being made exclusively pursuant to an offer to
purchase, dated as of August 26, 2022 (the “Offer to Purchase”), which sets
forth the terms and conditions of the Tender Offers. The Tender
Offers are conditioned on the satisfaction or waiver of certain
customary conditions described in the Offer to Purchase.
The press release relating to the Tender Offers is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
This report does not constitute an offer to sell or purchase or a
solicitation of an offer to purchase or sell any securities nor
will there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful under the
securities laws of such state.
Forward-Looking Statements
This report, including Exhibit 99.1, contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect the
views of the Company’s management regarding current expectations
and projections about future events and are based on currently
available information. Actual results could differ materially from
those contained in these forward-looking statements for a variety
of reasons, including, but not limited to, those discussed in the
Company’s Annual Report on Form 10-K for the year ended
December 31, 2021, Part I, ITEM 1A, “Risk Factors,” as well as
those discussed in the Offer to Purchase. COVID-19, and the volatile regional and
global economic conditions stemming from it, and additional or
unforeseen effects from the COVID-19 pandemic, could also give rise
to or aggravate these risk factors, which in turn could materially
adversely affect our business, financial condition, liquidity,
results of operations (including revenues and profitability) and/or
stock price. Further, COVID-19 may also affect the Company’s
operating and financial results in a manner that is not presently
known to it or that it currently does not consider to present
significant risks to its operations. Other unknown or unpredictable
factors also could have a material adverse effect on the Company’s
business, financial condition and results of operations.
Accordingly, readers should not place undue reliance on these
forward-looking statements. The use of words such as “anticipates,”
“believes,” “could,” “estimates,” “expects,” “goal,” “intends,”
“likely,” “may,” “plans,” “potential,” “predicts,” “projected,”
“seeks,” “should” and “will,” or the negative of these terms or
other similar expressions, among others, generally identify
forward-looking statements; however, these words are not the
exclusive means of identifying such statements. In addition, any
statements that refer to expectations, projections or other
characterizations of future events or circumstances are
forward-looking statements. These forward-looking statements are
inherently subject to uncertainties, risks and changes in
circumstances that are difficult to predict. Accordingly, you
should not place undue reliance on those statements. The Company is
not under any obligation to, and do not intend to, publicly update
or review any forward-looking statement or other statement in this
report, whether as a result of new information, future events or
otherwise, even if experience or future events make it clear that
any expected results expressed or implied by these forward-looking
statements will not be realized. Please carefully review and
consider the various disclosures made in this report, the Offer to
Purchase and in the Company’s reports filed with the SEC that
attempt to advise interested parties of the risks and factors that
may affect the Company’s business, prospects and results of
operations.
Item 9.01. |
Financial Statements and Exhibits.
|
(d) Exhibits