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

04 november 2020 | Platform economy record | Airbnb | On-location platform-determined routine work | Article

Airbnb announced an additional $1 billion raise in debt and equity from two of the aforementioned private equity firms, Silver Lake and Sixth Street Partners. Though at the time it said the funds would support its ongoing work to invest over the long term — couching the raise as strategic, rather than a bailout in troubled times. The $1 billion term loan looks more clearly targeted at dealing with immediate negative impacts caused by COVID-19. 

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Airbnb ups its debt by $1 billion amid the coronavirus travel crunch
Lomas N., TechCrunch (2020), ‘Airbnb ups its debt by $1BN amid the coronavirus travel crunch’, 15 Apr.

Metadata

  • Article
  • Yes
  • accommodation
  • On-location platform-determined routine work
  • Airbnb
  • challenges, COVID-19
  • English
  • TechCrunch (Publisher)
  • 2020
  • Open access
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