One source familiar with the talks said the debt was first lien debt, meaning if Airbnb were to “go belly up” those creditors would be paid first. He added that there was no equity component to this debt deal.
The new debt talk comes as the home-sharing startup struggles as the coronavirus pandemic freezes global travel. Reporting by Lawrence Delevingne and Joshua Franklin; Additional reporting by Jane Lanhee Lee; Editing by Stephen Coates
Is it sustainable? startups unicorn
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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. I wouldn’t want to own that debt ... Airbnb is gonna have a longer recovery. Longer than hotels. Tough to prove cleaning. People don’t want outsiders in there house. Do you need 15 days in between guests?
Source: CNBC - 🏆 12. / 72 Read more »
Postal Service Unveils Plan To Pay Debts With New $1 Trillion StampWASHINGTON—Faced with the prospect of complete financial ruin due to the Covid-19 outbreak, the U.S. Postal Service officially unveiled a plan Tuesday to pay off its debts by issuing a new $1 trillion stamp. “As part of our effort to remain solvent and continue serving the American people, we are proud to introduce this unique, die-cut postage stamp printed on a sheet of solid gold and featuring a custom rendition of the Postal Service logo hand-engraved by famed German artist Gerhard Richter,” said Postmaster General Megan Brennan, predicting the “highly collectible” stamp, which features a VVS diamond-studded border and a watermark made from rare, Renaissance-era Tyrian purple dye, would be of interest to any entity capable of raising the capital to purchase it. “This thing is a philatelist’s dream—frankly, it puts all your Inverted Jenny and Hawaiian Missionary stamps to shame. So get yours while you can! Honestly, we just need to sell one of these things and we’re good. Please help us. This is our last hope.” Brennan added that with its $1 trillion face value, the stamp could be used to send “just about anything you can stick it to,” from a postcard to a shipment of stockpiled ventilators requested by a governor who demonstrates sufficient fealty. Pog Genius!
Source: TheOnion - 🏆 724. / 51 Read more »
Ryan Seacrest Donates $1 Million to Help Coronavirus Relief EffortsCelebrities are doing everything they can in order to help others amid concerns over the coronavirus. 💖 Hardest working actor... (or among that is) Thank you Ryan
Source: etnow - 🏆 696. / 51 Read more »