A source said Airbnb Inc. received a debt facility worth $1 billion from big U.S. banks to support new services and finance its plans of expansion.
The debt deal is led by Citigroup Inc., Morgan Stanley, JPMorgan, and Bank of America Corp, according to the source.
All four banks were not available for comment.
Rental service startups such as Airbnb have presented pressure to Priceline, Expedia, and other travel companies in their hotel bookings business.
The material has been provided by InstaForex Company – www.instaforex.com
A source said Airbnb Inc. received a debt facility worth $1 billion from big U.S. banks to support new services and finance its plans of expansion.
The debt deal is led by Citigroup Inc., Morgan Stanley, JPMorgan, and Bank of America Corp, according to the source.
All four banks were not available for comment.
Rental service startups such as Airbnb have presented pressure to Priceline, Expedia, and other travel companies in their hotel bookings business.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: