Asian Tech Press (OCT 19) -- Chinese multinational online travel company Trip.com Group announced that as the borrower, the Company has entered into a negotiable term loan facility agreement with certain financial institutions on October 18, 2021, for a total amount of up to $1.5 billion.

The financing is for a three-year term. The proceeds borrowed from the financing will be used to repay the outstanding balance under the $1.5 billion term loan facility entered into by Trip.com in July 2019.

In July 2019, Trip.com Group, as the borrower, entered into a financing agreement with certain financial institutions for up to $2.5 billion, which included a $2 billion negotiable term loan facility and a GreenShoe Option for up to $500 million.