Trip.com seeks $1.2b loan as leisure industry reels under virus outbreak

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Trip.com Group Ltd., China’s biggest online travel service provider, is seeking to raise a $1.2 billion loan in a test of investor risk appetite as the leisure industry reels from the coronavirus outbreak.

The company is in talks with international and Chinese lenders for the facility, according to people familiar with the matter. The loan is for refinancing and working capital said the people who are not authorized to speak publicly and asked not to be identified. Trip.com declined to comment in an emailed statement.

The loan comes amid challenges to its business following the new coronavirus that has claimed over 1,300 lives. More than 50 countries or territories have imposed travel restrictions and tightened visa requirements to contain the spread of the disease, according to the International Air Transport Association.

Trip.com’s last loan was in July 2019 when it signed a $2 billion three-year facility, according to Bloomberg-compiled data.

Bloomberg

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.