Deals
Airbnb in Talks to Raise More Debt Amid Global Crisis
- Company considering raising $500 million to $1 billion
- Valuation fell to $18 billion in Monday’s debt-equity deal
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Airbnb Inc. is in talks with investors to take on as much as $1 billion in additional debt after announcing a $1 billion debt and equity deal Monday, according to people familiar with the matter.
The travel platform company announced Monday that it was raising $1 billion in debt and equity from Silver Lake and Sixth Street Partners. The company has held discussions about raising $500 million to $1 billion more by either issuing first-lien debt, which would give its holders priority in case of a default, or a convertible note or selling an equity stake, said the people, who asked not to be identified because the information wasn’t public.