- 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.
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