Expedia amends facility, lifting revolver commitments to $1 billion

By Jennifer Chiou

New York, Nov. 9 - Expedia, Inc. entered into on Nov. 8 an amendment to its revolving credit facility, bringing the aggregate commitments to $1 billion from $750 million, according to an 8-K filing with the Securities and Exchange Commission.

Other borrowers are Travelscape, LLC and Hotwire, Inc.

JPMorgan Chase Bank, NA acted as administrative agent with J.P. Morgan Europe Ltd. as the London agent.

In addition to the capacity increase, the company raised the swingline and letter-of-credit sublimits under the revolving credit facility by $30 million to $120 million.

Expedia also extended the maturity to Nov. 8, 2017 and reduced the commitment fee on undrawn amounts by up to 2.5 basis points. It also increased the maximum permissible leverage ratio to 3.25 to 1.00.

The online travel company is based in Bellevue, Wash.

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