Business Maverick: Airbnb Raises Another $1 Billion as Virus Worsens IPO Prospects

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Business Maverick: Airbnb Raises Another $1 Billion as Virus Worsens IPO Prospects By Bloomberg

Airbnb is raising cash by issuing first-lien debt, which has priority on the company’s assets in case of a default, and it comes from a group of more than 20 investors, including Silver Lake, the largest participant, according to people with knowledge of the matter. Other investors are BlackRock Inc., Eaton Vance Corp., Fidelity Investments and T. Rowe Price Group Inc., said the people, who asked not to be identified discussing a private deal.

The list of participants includes Apollo Global Management Inc., Benefit Street Partners, Blackstone Group Inc., Glade Brook Capital Partners, Oaktree Capital and Owl Rock Capital, the people said.

 

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