Le Lézard
Classified in: Tourism and vacations, Science and technology, Business
Subject: FNC

Trip.com Group Announces Entry into Sustainability-linked Loan Facility Agreement

SHANGHAI, Dec. 2, 2022 /PRNewswire/ --Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" 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 December 2, 2022 with certain financial institutions specified therein, for a US$1,488 million and HK$80 million dual tranche term loan facility (equivalent to US$1.5 billion 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 Company's 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 Company's certain existing transferrable term and revolving loan facilities, and the remaining portion may then be used for general corporate purposes of the Company.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for travelers in China, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. 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, Trip.com and Skyscanner, with the mission "to pursue the perfect trip for a better world."

For further information, please contact:

Investor Relations
Trip.com Group Limited
Tel: +86 (21) 3406-4880 X 12229
Email: [email protected]

SOURCE Trip.com Group Limited

These press releases may also interest you

at 08:50
Evolus, Inc. , a performance beauty company with a customer-centric approach focused on delivering breakthrough products, today announced that members of its management team will be participating in the SVB Securities Global Biopharma Conference....

at 08:49
Global robotics company Addverb will showcase its latest autonomous solutions at Manifest 2023. Addverb Americas CEO Mark Messina will speak on Wednesday, February 1st on an expert panel about trends in autonomous micro-fulfillment and autonomous...

at 08:49
Tripleseat, a leading cloud-based sales and catering management platform for hotels, announced it has partnered with Cvent, a market-leading meetings, events, and hospitality technology provider, to deliver a new integration that will help unify and...

at 08:49
Bank Shot, an app built for speed and security in sending earnest money has now become an all-in-one real estate payments solution by adding digital disbursements to their payment options. This new feature will allow title closing teams to send...

at 08:47
70 Engineers, 1 truck. 3 weeks. That's the driving mantra behind PS Academy Arizona's Tesla Cyber Truck build. What started out as a month's long technology showcase project quickly condensed into a twenty-one-day engineering marathon. Students were...

at 08:47
Public Consulting Group (PCG) today announced that it has been named in Newsweek's 2023 list of America's Greatest Workplaces for Diversity, which ranks the top 1,000 large employers in the U.S. who celebrate diversity in their workforce and...

News published on 2 december 2022 at 05:00 and distributed by: