Tripadvisor upsizes term loan B by $350M to fund convertible note repurchase

TripAdvisor, Inc.

$350M incremental term loan B facility at SOFR+2.75%, maturing July 8, 2031.
Proceeds to fund repurchase/repayment of 0.25% Convertible Senior Notes due 2026.
No financial covenant on term loan B; secured by substantially all assets.
Existing credit agreement amended; terms identical to existing term loans.
Proceeds also for general corporate purposes and fees.

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