Traveloka Repays $300 Million Private Credit to BlackRock, Orion [Yahoo! Finance Canada]
BlackRock, Inc. (BLK)
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Source: Yahoo! Finance Canada
group of lenders that include BlackRock Inc. and Orion Capital Asia, according to people familiar with the matter. Most Read from Bloomberg The Indonesian company used its internal cash to repay the loan, said one of the people, declining to be identified. The loan, which was obtained in 2022, is originally due in 2026, but it came with an option to repay early in April, the people said. ADVERTISEMENT Traveloka withdrew only $250 million of the $300 million that the parties signed to lend. Other lenders include sovereign wealth fund Indonesia Investment Authority and Allianz Global Investors. The travel industry has rebounded after the pandemic as airline capacity returned to its pre-pandemic level and carriers generated record revenues in 2023. Backed by investors including GIC Pte and Expedia Group Inc., Traveloka said in its website that its app has been downloaded more than 100 million times. Traveloka's President Caesar Indra didn't respond to requests for comment. Bl
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