Tren Griffin+ Your Authors @trengriffin I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta. Apr. 07, 2020 1 min read + Your Authors

"A source familiar with matter said, “there is no rachet or any other coercive terms. It’s attractive for Airbnb.” The source added the funding doesn’t depend on Airbnb’s performance or reaching a target date to go public." 

"considering the potential debt issue as it discusses various options" 

"A PIK loan has two advantages: It gives immediate relief, and it leaves the capital structure largely intact, so the owner retains control." 

"The deal with Silver Lake and Sixth Street is comprised of $1 billion in five-year debt yielding 11% to 12% and warrants that can convert into stock equating to a little over 1% of Airbnb's total equity, the sources said." 

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