New Issue-Expedia sells $400 mln in 8-year notes

June 19 (Reuters) - Online travel agency Expedia Inc
(EXPE.O) on Thursday sold $400 million of eight-year senior
notes in the 144a private placement market, according to
International Financing Review.

The size of the deal was decreased from the originally
planned $500 million, said IFR, a Thomson Reuters publication.

JPMorgan and Banc of America Securities were the joint
bookrunning managers for the sale.
BORROWER: EXPEDIA INC
AMT $400 MLN COUPON 8.50 PCT MATURITY 7/1/2016
TYPE SR NOTES ISS PRICE 98.572 FIRST PAY 1/1/2009
MOODY'S Ba2 YIELD 8.75 PCT SETTLEMENT 6/24/2008
S&P DOUBLE-B SPREAD 470 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS*
* MAKE-WHOLE CALL 50 BPS 4 YEARS, THEN CALLABLE AT 104.25,
102.125, 100.
3-YEAR EQUITY CLAW FOR 35 PCT AT 108.50.