- Trip.com Group Ltd (NASDAQ:TCOM) has entered into, as borrower, a facility agreement dated December 2, 2022, with certain financial institutions.
- The agreement is for a $1.488 billion and HK$80 million dual tranche term loan facility (equivalent to $1.5 billion in aggregate).
- The facility has been classified as a sustainability-linked loan facility in compliance with the sustainability-linked loan principles.
- The loan’s interest margin could be indexed against the company’s performance with respect to certain specified environmental, social, and governance performance targets.
- The proceeds borrowed will first be used for refinancing certain existing transferrable term and revolving loan facilities. The loan facility has a 3-year tenor.
- Trip.com is a global travel platform, integrating a suite of travel products and services and differentiated travel content.
- Price Action: TCOM shares are trading higher by 0.72% at $32.10 in premarket on the last check Friday.
ADTRAN And ADVA Optical Networking Agreed On A Final Draft Of A Domination And Profit And Loss Transfer Agreement; Subject To The Respective Approval By The General Meeting Of ADVA Which Is Scheduled To Be Held On November 30
The board of directors of ADTRAN Holdings, Inc. ("ADTRAN Holdings") and the management board of ADVA Optical Networking SE ("ADVA") agreed on a final draft of a domination and profit and loss transfer agreement ("DPLTA") between ADTRAN Holdings as the controlling entity, and ADVA as the controlled entity.
