- Tripadvisor Inc (NASDAQ: TRIP) announced that it has priced an offering of $500 million aggregate principal amount of new 7% senior notes due 2025 in a private offering
Tripadvisor Inc (NASDAQ: TRIP) is one of the world’s largest travel platforms as it helps 463 million travelers every month. And travelers around the world use the Tripadvisor website and app to browse 860 million reviews and opinions of 8.7 million accommodations, restaurants, experiences, airlines, and cruises.
Travelers turn to Tripadvisor to compare low prices on hotels, flights and cruises, book popular tours and attractions as well as reserve tables at great restaurants. And Tripadvisor is available in 49 markets and 28 languages.
Today Tripadvisor announced that it has priced an offering of $500 million aggregate principal amount of new 7% senior notes due 2025 in a private offering. And the sale of the notes is expected to be completed on or about July 9, 2020 subject to customary closing conditions.
The notes will be senior unsecured obligations of Tripadvisor and will be guaranteed by each of its domestic subsidiaries that guarantees Tripadvisor’s credit facility. And Tripadvisor intends to use the net proceeds from the offering for general corporate purposes.
