Traveloka Repays $300 Million Private Credit to BlackRock, Orion [Yahoo! Finance]
BlackRock, Inc. (BLK)
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Source: Yahoo! Finance
group of lenders that include BlackRock Inc. and Orion Capital Asia, according to people familiar with the matter. Most Read from Bloomberg Tesla Soars on Tentative China Approval for Driving System Stocks Trade for 390 Minutes a Day. Increasingly, Only 10 Matter US Warns ICC Action on Israel Would Hurt Cease-Fire Chances Yen Sparks Intervention Suspicion After U-Turn From 1990 Lows What 60,000 Headlines Say About the Fed's Next Move 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. 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-pand
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