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Stock impact report

Tripadvisor Announces Close on Term Loan B Facility [Yahoo! Finance]

TripAdvisor, Inc. (TRIP) 
Last tripadvisor, inc. earnings: 2/12 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tripadvisor.com/investor-relations
Company Research Source: Yahoo! Finance
B facility in the amount of $350.0 million pursuant to a Second Amendment to its Credit Agreement, dated as of June 26, 2015 , as amended and restated. The Second Amendment provides for a $350 million upsize to the Company's term loan B credit facility maturing in 2031, with an interest rate based on SOFR plus 2.75%. The Company intends to use the proceeds of the new facility to fund the repurchase, repayment or redemption of the Company's outstanding 0.25% Convertible Senior Notes due 2026 at a later date. Safe Harbor Statement Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to Tripadvisor's future financial performance on both a GAAP and non-GAAP basis, and Tripadvisor's prospects as a comprehensive destination for hotels, experiences, and restaurants, may constitute forward-looking statements within the meaning of the Private Securities Lit Show less Read more
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