05:05 PM EDT, 03/20/2025 (MT Newswires) -- Tripadvisor ( TRIP ) said Thursday it closed a $350 million tack-on term loan B facility following a second amendment to its June 2015 credit agreement.

The $350 million upsize matures in 2031, with an interest rate of secured overnight financing rate, plus 2.75%.

The company intends to use the proceeds to fund the repurchase, repayment, or redemption of its 0.25% convertible senior notes due 2026.