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TripAdvisor Closes Term Loan, Plans to Redeem Debt
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TripAdvisor Closes Term Loan, Plans to Redeem Debt
Jul 8, 2024 2:25 PM

04:51 PM EDT, 07/08/2024 (MT Newswires) -- TripAdvisor ( TRIP ) said Monday it closed on a term loan B in conjunction with a first amendment to a credit agreement.

The first amendment provides for a $500 million term loan B maturing in 2031, the company said.

Proceeds from the loan will be used to redeem the company's $500 million 7% notes due in 2025.

Price: 17.88, Change: -0.03, Percent Change: -0.17

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