US EditionTripadvisor Announces Close on Term Loan B Facility
- Tripadvisor, Inc. Has closed a $350 million tack-on term loan B facility as of March 20, 2025.
- The term loan B facility has an interest rate based on SOFR plus 2.75% and matures in 2031.
- The proceeds will be used for repurchasing or redeeming the Company's outstanding convertible senior notes due 2026.
- Tripadvisor aims to connect global audiences to travel experiences through its platforms like Tripadvisor, Viator, and TheFork.
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The Berkshire Eagle+41 Reposted by 41 other sources
Tripadvisor Announces Close on Term Loan B Facility
NEEDHAM, Mass., March 20, 2025 /PRNewswire/ -- Tripadvisor, Inc. (NASDAQ: TRIP) announced today that it has successfully closed a tack-on term loan B facility in the amount of $350.0 million pursuant to a Second Amendment to its Credit Agreement, dated…
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