Cravath represented the underwriters, led by J.P. Morgan Securities and BofA Merrill Lynch, in connection with the US$500 million registered senior debt offering of Expedia, Inc., one of the world’s largest travel companies, with an extensive brand portfolio that includes leading online travel brands, such as Expedia.com, Hotels.com and Hotwire. The transaction closed on August 18, 2014.

The Cravath team included partner Stephen L. Burns and associates Michael S. Darby, Paul L. Sandler and Gabriella Kleeman on corporate matters and partner Christopher K. Fargo and associate Sara L. Lykken on tax matters. Summer associate Alan Campbell also worked on corporate matters.