Airbnb in superior talks about new $1 billion mortgage: sources

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FILE PHOTO: Small toy figures are seen in entrance of diplayed Airbnb emblem on this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photograph

NEW YORK (Reuters) – Airbnb is in superior talks for a brand new $1 billion debt deal simply weeks after it closed a $1 billion funding from personal fairness companies, in keeping with two sources.

One supply acquainted with the talks mentioned the debt was first lien debt, that means if Airbnb had been to “go stomach up” these collectors can be paid first. He added that there was no fairness element to this debt deal.

The brand new debt speak comes because the home-sharing startup struggles because the coronavirus pandemic freezes world journey.

Reporting by Lawrence Delevingne and Joshua Franklin; Further reporting by Jane Lanhee Lee; Enhancing by Stephen Coates

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