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April 15, 2020 09:01 am GMT

Airbnb ups its debt by $1BN amid the coronavirus travel crunch

Airbnb has secured commitments of $1 billion for a syndicated term loan from institutional investors, it said. The emergency cash injection comes as the coronavirus travel freeze continues to hammer vacation rentals, with holidaymakers locked down at home and global travel banned or heavily discouraged for public health reasons. Neither the names of the parties […]

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