Tripadvisor prices $500M term loan B at SOFR+2.75%, calls $500M 7% notes due 2025

TripAdvisor, Inc.

$500M term loan B priced at SOFR+2.75%; closing expected July 8, subject to customary conditions.
All $500M of 7.000% Senior Notes due 2025 called for redemption on July 15, 2024.
Redemption condition: net proceeds from one or more debt financings ≥$450M; term loan B expected to satisfy it.
Redemption price equals $500M plus accrued and unpaid interest through July 15 (excluding July 15).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.