Trip.com enters into credit agreement for up to $1 billion

By Rebecca Melvin

New York, April 3 – Trip.com Group Ltd. entered into a facility agreement on Friday for an up to $1 billion transferrable term and revolver loan facility with an incremental facility of up to $500 million, according to a news release.

The facilities are for three- and five-year terms.

The proceeds may be used for general working capital requirements of Trip.com Group, including repayment of existing financial debt.

Shanghai-based Trip.com Group is a travel services provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.