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.
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