TripAdvisor, Inc. (TRIP): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TripAdvisor, Inc. incurred term loan of $350.0 million with JPMorgan Chase Bank, N.A., as Administrative Agent at SOFR plus 2.75% maturing July 8, 2031.

Instrument: term loan
Principal: $350.0 million
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Rate: SOFR plus 2.75%
Maturity: July 8, 2031
Event: incurrence

Exact text from the filing

The Amendment provides for a $350.0 million upsize to the Company’s existing term loan B credit facility maturing July 8, 2031, with an interest rate based on SOFR plus 2.75% (the “Tack-On Incremental Term Loan B Facility”).

View on SEC.gov

Browse all debt financings →

TripAdvisor, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-059381

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.