TripAdvisor Files 8-K Report

TL;DR

TRIP filed an 8-K for 'Other Events' on 7/1 - details TBD.

AI Summary

On July 1, 2024, TripAdvisor, Inc. filed an 8-K report to disclose other events. The filing does not contain specific details about the nature of these events, dollar amounts, or other parties involved.

Why It Matters

This filing indicates a material event has occurred for TripAdvisor, Inc. that requires public disclosure, though the specifics are not yet detailed.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of 'Other Events' without immediate negative or positive financial implications detailed.

Key Players & Entities

• TripAdvisor, Inc. (company) — Registrant
• July 1, 2024 (date) — Date of earliest event reported
• 001-35362 (other) — Commission File Number
• 80-0743202 (other) — IRS Employer Identification No.
• 400 1st Avenue Needham, MA 02494 (address) — Principal Executive Offices
• 781-800-5000 (phone_number) — Registrant's Telephone Number

FAQ

From the Filing

0000950170-24-080041.txt : 20240702 0000950170-24-080041.hdr.sgml : 20240702 20240702092009 ACCESSION NUMBER: 0000950170-24-080041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20240701 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240702 DATE AS OF CHANGE: 20240702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TripAdvisor, Inc. CENTRAL INDEX KEY: 0001526520 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 800743202 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35362 FILM NUMBER: 241093075 BUSINESS ADDRESS: STREET 1: 400 1ST AVENUE CITY: NEEDHAM STATE: MA ZIP: 02494 BUSINESS PHONE: 781-800-5800 MAIL ADDRESS: STREET 1: 400 1ST AVENUE CITY: NEEDHAM STATE: MA ZIP: 02494 8-K 1 trip-20240701.htm 8-K 8-K false 0001526520 0001526520 2024-07-01 2024-07-01   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 1, 2024 TRIPADVISOR, INC. (Exact name of Registrant as Specified in Its Charter)           Delaware 001-35362 80-0743202 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 400 1st Avenue Needham , MA 02494 (Address of Principal Executive Offices) (Zip Code) ( 781 ) 800-5000 Registrant’s Telephone Number, Including Area Code Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:         Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock TRIP Nasdaq Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 8.01 Other Events.   On July 1, 2024, Tripadvisor, Inc. (the “Company”) allocated and priced a new term loan B credit facility (the “Term Loan B Facility”) in an aggregate principal amount of $500 million. The Term Loan B Facility will bear interest at SOFR plus 2.75%. The new Term Loan B Facility and an amendment to the Company’s existing revolving loan facility are expected to close on July 8, 2024, subject to customary closing conditions.   On July 1, 2024, the Company called all $500.0 million aggregate principal amount of its outstanding 7.000% Senior Notes due 2025 (the “Notes”) for redemption on July 15, 2024 (the “Redemption Date”). The redemption is conditioned on the successful completion of one or more debt financing transactions of the Company that generates at least $450 million in gross proceeds. The Company expects the closing and funding of the Term Loan B Facility will satisfy th