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.
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