Tripadvisor (NASDAQ: TRIP) repays $345.4M 2026 convertible senior notes
Rhea-AI Filing Summary
Tripadvisor, Inc. has fully repaid its 0.25% Convertible Senior Notes due 2026 at maturity. The company paid $345.4 million, covering principal and accrued interest, using cash on hand, which removes this debt from its balance sheet.
No holders chose to convert the notes, so no new equity was issued and existing shareholders were not diluted. The notes were originally issued in March 2021 in a private offering to qualified institutional buyers with an aggregate principal amount of $345.0 million and a stated maturity date of April 1, 2026.
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Insights
Tripadvisor retires $345.4M convertible notes in cash with no dilution.
Tripadvisor repaid its 0.25% Convertible Senior Notes due 2026 at maturity for $345.4M, including principal and accrued interest, entirely from cash on hand. This extinguishes the debt associated with the notes.
No holders converted the notes, so the company issued no new shares and avoided equity dilution. The notes were originally sold in March 2021 with $345.0M aggregate principal due on April 1, 2026. The filing highlights a completed liability payoff rather than a new financing initiative.
8-K Event Classification
Key Figures
Key Terms
0.25% Convertible Senior Notes due 2026 financial
accrued interest financial
qualified institutional buyers financial
private offering financial
Convertible Senior Notes financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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CURRENT REPORT
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Item 7.01. |
Regulation FD Disclosure. |
On April 6, 2026, Tripadvisor, Inc. (the “Company”) issued a press release regarding its 0.25% Convertible Senior Notes due 2026 (“2026 Senior Notes”). A copy of the press release is attached hereto as Exhibit 99.1.
Pursuant to General Instruction B.2. to Form 8-K, the information set forth in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall they be incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
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99.1 |
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Press Release of Tripadvisor, Inc. dated April 6, 2026. |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: April 6, 2026 |
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By: |
/S/ MICHAEL NOONAN |
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Michael Noonan |
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Chief Financial Officer |
Exhibit 99.1
Tripadvisor Repays Convertible Senior Notes
NEEDHAM, Mass, April 6, 2026 – Tripadvisor, Inc. (NASDAQ: TRIP) today announced it repaid its 0.25% Convertible Senior Notes due 2026 (“2026 Senior Notes”), at maturity, for $345.4 million, consisting of principal and accrued interest, funded by cash on hand. No holders converted, and no equity was issued in connection with this maturity.
The 2026 Senior Notes were originally issued in March 2021 for an aggregate principal amount of $345.0 million due April 1, 2026 in a private offering to qualified institutional buyers.
About Tripadvisor, Inc.
Tripadvisor, Inc. (Nasdaq: TRIP) connects people to experiences worth sharing, and aims to be the world’s most trusted source for travel and experiences. We leverage our brands, technology, and capabilities to connect our global audience with partners through rich content, travel guidance, and two-sided marketplaces for experiences, restaurants, and other travel categories such as hotels. The Tripadvisor Group includes a portfolio of travel brands and businesses, including Tripadvisor, Viator, and TheFork.
Investor relations contact
ir@tripadvisor.com
Media contact
northamericapr@tripadvisor.com
TRIP-G