FILE PHOTO: Small toy figures are seen in front of diplayed Airbnb logo in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
NEW YORK/BOSTON/SAN FRANCISCO (Reuters) – Airbnb is in advanced talks for a new $1 billion loan just days after the U.S. home rental company closed a $1 billion debt deal with private equity firms, people familiar with the matter said on Tuesday.
Airbnb, whose business is suffering as the coronavirus pandemic freezes global travel, is in discussions with investors such as private equity firms Apollo Global Management, Silver Lake, Sixth Street Partners, Oaktree Capital Management and Owl Rock, the sources said.
The terms being discussed are first lien debt, meaning these creditors would be paid first if Airbnb were to default, the sources added. Airbnb is discussing a five-year loan which would have an interest rate of 750 basis points over the Libor benchmark, and is being sold to investors at a slight discount to the…
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