Tripadvisor Announces Close on Term Loan B Facility
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Tripadvisor has closed a $350 million term loan B facility with a maturity in 2031, priced at SOFR plus 2.75%. The company plans to use the proceeds to repurchase, repay, or redeem its outstanding 0.25% Convertible Senior Notes due in 2026.
March 20, 2025 | 8:15 pm
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POSITIVE IMPACT
The new term loan provides financial flexibility and potential cost savings by refinancing existing convertible notes.
The new term loan demonstrates Tripadvisor's proactive debt management, potentially lowering interest expenses and providing more favorable repayment terms.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100