The home-sharing company faces escalating losses as the pandemic devastates global travel industry
Elizabeth WollmanAirbnb Inc. secured a $1 billion loan from institutional investors, the company said, the second funding round for the home-sharing marketplace since the coronavirus pandemic devastated the global travel industry.
The San Francisco-based company didn’t disclose Tuesday the terms of the loan or the names of the investors. According to a person familiar with the matter, the loan is five years, and the interest rate will be 7.5%, plus a benchmark rate known as the London interbank offered rate, or Libor.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb in advanced talks about new $1 billion loan: sourcesAirbnb is in advanced talks for a new $1 billion debt deal just weeks after it closed a $1 billion investment from private equity firms, according to two sources.
Read more »
Airbnb raising another $1 billion in debt as coronavirus ravages tourism businessA week after announcing a $1 billion financing round, Airbnb raised another $1 billion in debt in an effort to pad its balance sheet.
Read more »
You Can Now Meditate with Buddhist Monks and Take Flamenco Lessons at Home Thanks to AirbnbAirbnb is offering virtual experiences through Zoom, including meditation, dance lessons, tarot reading, and more. The experiences help Airbnb hosts generate income while in-person experiences are suspended due to the coronavirus (COVID-19) pandemic.
Read more »
Airbnb raising another $1 billion in debt as coronavirus ravages tourism businessA week after announcing a $1 billion financing round, Airbnb raised another $1 billion in debt in an effort to pad its balance sheet.
Read more »
Trump admin to spend $15.5 billion on aid for farmers in bid to stop food shortages during pandemic: ReportIt was reported that a little more than $9 billion of aid would come from funding provided in the $2 trillion coronavirus relief package.
Read more »
Airbnb in advanced talks about new $1 billion loan: sourcesAirbnb is in advanced talks for a new $1 billion debt deal just weeks after it closed a $1 billion investment from private equity firms, according to two sources.
Read more »