NEW YORK: Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new US$1 billion loan just days after closing a US$1 billion debt deal, the company said on Tuesday.
Silver Lake, one of the two investors in the debt deal days ago, is “one of the biggest players” in this new deal, said one of the sources. The loan is for five years, with an interest rate of 750 basis points over the Libor benchmark, they said, adding that it was sold at a slight discount to the loan’s par value which would see investors earn a rate of around 12%.
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