Deal Description: Liberty TripAdvisor Holdings, Inc. (Nasdaq: LTRPA, LTRPB) announced today that it has priced and agreed to sell to initial purchasers in a private offering $300 million aggregate original principal amount of its 0.50% exchangeable senior debentures due 2051 exchangeable for Tripadvisor, Inc. common stock. Liberty TripAdvisor has also granted the initial purchasers an option to purchase additional debentures in an aggregate original principal amount of up to $30 million.
Baker Botts represented Liberty TripAdvisor in the transaction.
Client: Liberty TripAdvisor
Baker Botts Lawyers/Office Involved:
Corporate: Samantha Hale Crispin (Partner; Dallas), Adorys Velazquez (Partner; New York), Lee Neel Davis (Special Counsel; Washington, D.C.), Madeline Tusa (Associate; New York)
Tax: Tamar Stanley (Partner; Washington, D.C.), Josh Mandell (Partner; Dallas), Peter Farrell (Senior Associate, Washington, D.C.)
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