---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-031999"
form_type: "8-K"
ticker: "TRIP"
cik: "0001526520"
company_name: "TripAdvisor, Inc."
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T11:43:31.380864+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TripAdvisor amends credit facility to $500M; extends maturity to 2028, increases leverage cap to 4.5x

## Summary
- New $500M revolving credit facility matures June 29, 2028, replacing facility due May 12, 2024.
- Total Net Leverage Ratio increased from 3.5x to 4.5x, providing greater financial flexibility.
- LIBOR benchmark replaced with SOFR; cap on cash netting for unrestricted cash eliminated.
- Pricing grid revised with applicable spreads and commitment fees based on leverage ratio.
- Company can incur incremental facilities subject to conditions; lenders include JPMorgan, BofA, Barclays, and others.

## SEC filing metadata
- accession: 0000950170-23-031999
- form_type: 8-K
- ticker: TRIP
- cik: 0001526520
- company_name: TripAdvisor, Inc.
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526520/000095017023031999/0000950170-23-031999-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526520/000095017023031999/trip-20230629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-031999
- JSON: https://secwatch.observer/filing/0000950170-23-031999.json
- Plain text: https://secwatch.observer/filing/0000950170-23-031999.txt

## Key facts
- Debt Financings
  TripAdvisor, Inc. amended revolving credit of $500 million with JPMorgan Chase Bank, N.A., as Administrative Agent maturing June 29, 2028.
  - Instrument: revolving credit
  - Principal: $500 million
  - Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
  - Maturity: June 29, 2028
  - Event: amendment
  source text: The Restated Credit Agreement provides for a $500.0 million revolving credit facility maturing June 29, 2028.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526520/000095017023031999/0000950170-23-031999-index.htm
- Material Agreements
  TripAdvisor, Inc. amended Restated Credit Agreement with JPMorgan Chase Bank, N.A. and the other Lenders party thereto valued at $500.0 million (effective 2023-06-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. and the other Lenders party thereto
  - Value: $500.0 million
  - Effective: 2023-06-29
  source text: On June 29, 2023, Tripadvisor, Inc., a Delaware corporation (the “Company”), Tripadvisor Holdings, LLC, a Massachusetts limited liability company (“Holdings”), and Tripadvisor LLC, a Delaware limited liability company (“Tripadvisor”), entered into the Amendment and Restatement Agreement (the “Restated Credit Agreement”), among the Company, Holdings, Tripadvisor, the other Borrowers party thereto, the Lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526520/000095017023031999/0000950170-23-031999-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.