Shares of Expedia (NASDAQ: EXPE), an online travel agency, fell 3.9% in morning trading after the company announced a proposed offering of up to $1 billion in senior notes. The notes, which carry a 5.500% interest rate and are due in 2036, are intended for general corporate purposes, including refinancing existing debt, paying dividends, repurchasing shares, and funding operations. Despite receiving a 'BBB' investment-grade rating from S&P Global Ratings, the agency cautioned that ongoing economic headwinds and geopolitical risks could hinder Expedia's revenue growth. The stock has been volatile, with 15 price moves greater than 5% over the past year. Currently, Expedia is trading at $231.08, which is 23.3% below its 52-week high of $301.31 from January 2026. Although the stock has declined 18.3% this year, investors who purchased shares five years ago would see their investment grow from $1,000 to approximately $1,321.