Trip.com Group Announces Entry into Sustainability-linked Loan Facility Agreement
Summary
, /PRNewswire/ -- (Nasdaq: ; HKEX: 9961) (" " or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced that it has entered into, as borrower, a facility agreement (the "Facility Agreement") dated with certain financial institutions specified therein, for a and dual tranche term loan facility (equivalent to in aggregate) (the "Facility").The Facility has been classified as a sustainability-linked loan facility in compliance with the Sustainability-Linked Loan Principles. As long as the Facility has not been declassified as such pursuant to its terms, its interest margin could be indexed against the Companys performance with respect to certain specified environmental, social, and governance performance targets.The Facility has a 3-year tenor. The proceeds borrowed under the Facility will first be used for refinancing the Companys certain existing transferrable term and revolving loan facilities, and the remaining portion may then be used for general corporate purposes of the Company. (Nasdaq: ; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, and Skyscanner, with the mission "to pursue the perfect trip for a better world.