Liberty TripAdvisor Holdings Announces $325 million Investment by Certares
Liberty TripAdvisor Holdings, Inc. (LTRPA)
US:NASDAQ Investor Relations:
ir.libertytripadvisorholdings.com/events.cfm
Company Research
Source: Business Wire
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty TripAdvisor Holdings, Inc. (“Liberty TripAdvisor”) (Nasdaq: LTRPA, LTRPB) announced today that it has entered into an Agreement (“Agreement”) with funds managed by Certares Management LLC (“Certares”) whereby Certares will purchase $325 million of 8% Series A Cumulative Redeemable Preferred Stock. The net proceeds from this investment, combined with $34 million of secured borrowings against a variable price forward and cash on hand, will repay 100% of the outstanding balance under Liberty TripAdvisor’s existing margin loan. Upon completion of this investment, Greg O’Hara, Founder and Senior Managing Director of Certares, is expected to join the Liberty TripAdvisor Board.“We welcome Certares as a strategic investor in Liberty TripAdvisor,” said Greg Maffei, Liberty TripAdvisor Chairman, President & CEO. “Certares has deep experience and a highly successful track record investing in the travel, tourism and hospitality sectors, and we will g
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LTRPA
Sec Filings
- 4/25/24 - Form ARS
- 4/24/24 - Form DEF
- 4/19/24 - Form SC
- LTRPA's page on the SEC website