The home-sharing company faces escalating losses as the pandemic devastates global travel industry
Elizabeth WollmanAirbnb Inc. secured a $1 billion loan from institutional investors, the company said, the second funding round for the home-sharing marketplace since the coronavirus pandemic devastated the global travel industry.
The San Francisco-based company didn’t disclose Tuesday the terms of the loan or the names of the investors. According to a person familiar with the matter, the loan is five years, and the interest rate will be 7.5%, plus a benchmark rate known as the London interbank offered rate, or Libor.
France Dernières Nouvelles, France Actualités
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