Ctrip announces $2 billion facility agreement
07/05/2019|8:49:45 PM|ChinaTravelNews

Ctrip announced that it has entered into a USD 2 billion facility agreement as borrower. 

The agreement dated July 5, 2019 with certain financial institutions was specified for up to USD 2 billion equivalent transferrable term loan facility with a greenshoe option of up to USD 500 million.

The facilities have a 3-year tenor. 

The company said that "proceeds borrowed under the facilities may be used for the general working capital requirements of the Ctrip group, including repayment of any existing financial indebtedness".