Trip.com gets $1.5 billion equivalent sustainability-linked facility

By Mary-Katherine Stinson

Lexington, Ky., Dec. 2 – Trip.com Group Ltd. entered a facility agreement on Dec. 2 providing a $1,488,000,000 and HK$80 million dual-tranche term loan facility, equal to $1.5 billion in total, according to a 6-K filing with the Securities and Exchange Commission.

The facility is a three-year sustainability-linked loan as the interest margin could be indexed against the company’s performance with respect to certain specified environmental, social, and governance performance targets.

Proceeds will be used for refinancing the company’s existing transferrable term and revolving loan facilities, and the remaining for general corporate purposes.

The company is a Shanghai-based travel services provider.

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