"A source familiar with matter said, “there is no rachet or any other coercive terms. It’s attractive for Airbnb.” The source added the funding doesn’t depend on Airbnb’s performance or reaching a target date to go public." cnbc.com/2020/04/06/air…
"considering the potential debt issue as it discusses various options" bloomberg.com/news/articles/…
"A PIK loan has two advantages: It gives immediate relief, and it leaves the capital structure largely intact, so the owner retains control." economist.com/finance-and-ec…
"The deal with Silver Lake and Sixth Street is comprised of $1 billion in five-year debt yielding 11% to 12% and warrants that can convert into stock equating to a little over 1% of Airbnb's total equity, the sources said." nasdaq.com/articles/airbn…
