---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-082086"
form_type: "8-K"
ticker: "TRIP"
cik: "0001526520"
company_name: "TripAdvisor, Inc."
filed_at: "2024-07-08T23:59:59+00:00"
generated_at: "2026-05-31T23:00:58.194222+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tripadvisor closes $500M term loan B at SOFR+2.75%, redeems $500M 7% Senior Notes due 2025

## Summary
- New $500M term loan B facility matures July 8, 2031, at SOFR + 2.75%, offered at 99.75% of par.
- Proceeds used to redeem all $500M of 7.000% Senior Notes due 2025.
- Mandatory amortization is 1.00% of principal per year; no financial covenant.
- Amendment increases excess cash flow basket and adds $195M/50% EBITDA basket for capital leases.
- Loan is secured by substantially all assets of Tripadvisor and subsidiary loan parties.

## SEC filing metadata
- accession: 0000950170-24-082086
- form_type: 8-K
- ticker: TRIP
- cik: 0001526520
- company_name: TripAdvisor, Inc.
- filed_at: 2024-07-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526520/000095017024082086/0000950170-24-082086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526520/000095017024082086/trip-20240708.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-082086
- JSON: https://secwatch.observer/filing/0000950170-24-082086.json
- Plain text: https://secwatch.observer/filing/0000950170-24-082086.txt

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