NEW YORK (REUTERS) - Airbnb is in advanced talks for a new US$1 billion (S$1.41 billion) loan just days after the U.S. home rental company closed a US$1 billion debt deal with private equity firms, people familiar with the matter said on Tuesday (April 14).. Read more at straitstimes.com.
NEW YORK - Airbnb is in advanced talks for a new US$1 billion loan just days after the US home rental company closed a US$1 billion debt deal with private equity firms, people familiar with the matter said on Tuesday .
The terms being discussed are first lien debt, meaning these creditors would be paid first if Airbnb were to default, the sources added. Airbnb is discussing a five-year loan which would have an interest rate of 750 basis points over the Libor benchmark, and is being sold to investors at a slight discount to the loan's par value which would see them earn a rate of around 12 per cent.
The sources requested anonymity as the matter is private. Airbnb, Apollo, Oaktree, Silver Lake and Sixth Street declined to comment. Owl Rock did not immediately respond to requests for comment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Basketball: Jeremy Lin pledges up to US$1 million to aid coronavirus battleBEIJING (AFP) - Former NBA guard Jeremy Lin, the first Asian-American to win an NBA title, pledged up to US$1 million (S$1.42 million) to coronavirus relief efforts on Monday (April 13).. Read more at straitstimes.com.
Read more »
Exclusive: Saudi Aramco in talks with banks to borrow about US$10 billion - sourcesSaudi Aramco, the world's largest oil producer, is in early talks with banks for a loan of about US$10 billion to help finance its acquisition of ...
Read more »
Basketball: Jeremy Lin pledges up to US$1m to coronavirus battleBEIJING: Former NBA guard Jeremy Lin, the first Asian-American to win an NBA title, pledged up to US$1 million to coronavirus relief efforts on ...
Read more »
Basketball: Jeremy Lin pledges up to US$1 million to aid coronavirus battleBEIJING (AFP) - Former NBA guard Jeremy Lin, the first Asian-American to win an NBA title, pledged up to US$1 million (S$1.42 million) to coronavirus relief efforts on Monday (April 13).. Read more at straitstimes.com.
Read more »
Israel rivals resume unity govt talks with two-day deadlineIsraeli Prime Minister Benjamin Netanyahu and his main rival Benny Gantz held new talks on forming an emergency unity government Tuesday, with a ...
Read more »
Adidas gets 3 billion euro government backed loan, suspends dividendGerman sports retailer Adidas on Tuesday said it received approval for a syndicated 3 billion-euro (US$3.3 billion) government-backed loan to ...
Read more »