Tripadvisor provides $330.8M loan to parent Liberty TripAdvisor for debenture repurchase

TripAdvisor, Inc.

Loan of $330.8M from TRIP to LTRP, secured by substantially all LTRP assets.
Interest at Adjusted Term SOFR + 6.00% p.a., paid in kind quarterly.
Proceeds used solely to repurchase/settle LTRP's 0.50% Exchangeable Senior Debentures due 2051.
Loan matures at termination of merger agreement or 15 business days thereafter.
LTRP subsidiaries guarantee the loan; LTRP may prepay only with TRIP consent.

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