News Releases

Baker Botts Represents Liberty TripAdvisor on Repurchase of a Portion of Preferred Shares from Certares


Deal Description: Liberty TripAdvisor Holdings, Inc. ("Liberty TripAdvisor") (Nasdaq: LTRPA, LTRPB) announced today that it has entered into an agreement with an affiliate of Certares Management LLC whereby Liberty TripAdvisor expects to repurchase in a private transaction approximately 40% of the 8% Series A Cumulative Redeemable Preferred Stock of Liberty TripAdvisor held by Certares. The purchase will be funded through a combination of proceeds of a new debt issuance by Liberty TripAdvisor and the delivery of shares of common stock of Tripadvisor, Inc.

Baker Botts represented Liberty TripAdvisor in the transaction.

Client: Liberty TripAdvisor

Baker Botts Lawyers/Office Involved:

Corporate: Samantha Hale Crispin (Partner; Dallas)Frederick McGrath (Senior Counsel; New York), Emily Lichtenfeld (Senior Associate; Austin), Nathaniel Richards (Associate; Houston), Victor Ochieng (Associate; Dallas)

Tax: Tamar Stanley (Partner; Washington, D.C.)Josh Mandel (Partner; Dallas), Peter Farrell (Senior Associate; Washington, D.C.)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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