Trip.com Inks Sustainability-Linked Loan Facility Agreement

Trip.com Group Ltd TCOM has entered into, as borrower, a facility agreement dated December 2, 2022, with certain financial institutions.
The agreement is for a $1.488 billion and HK$80 million dual tranche term loan facility (equivalent to $1.5 billion in aggregate).
The facility has been classified as a sustainability-linked loan facility in compliance with the sustainability-linked loan principles.
The loan’s interest margin could be indexed against the company's performance with respect to certain specified environmental, social, and governance performance targets.
The proceeds borrowed will first be used for refinancing certain existing transferrable term and revolving loan facilities. The loan facility has a 3-year tenor.
Trip.com is a global travel platform, integrating a suite of travel products and services and differentiated travel content.
Price Action: TCOM shares are trading higher by 0.72% at $32.10 in premarket on the last check Friday.