Tripadvisor repays $345.4M convertible notes
Tripadvisor, Inc. has fully repaid its 0.25% Convertible Senior Notes due 2026 at maturity.
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.
Positive
- None.
Negative
- None.
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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Tripadvisor (TRIP) announce about its 2026 convertible notes?
How much did Tripadvisor pay to settle its 2026 Senior Notes?
Did Tripadvisor issue any equity when the 2026 notes matured?
What are the key terms of Tripadvisor’s 0.25% Convertible Senior Notes due 2026?
How did Tripadvisor fund the repayment of its 2026 Senior Notes?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
|
|
(Address of Principal Executive Offices) (Zip Code) |
||
(
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 |
|
|
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 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.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
|
|
Number |
|
Description |
|
|
|
99.1 |
|
Press Release of Tripadvisor, Inc. dated April 6, 2026. |
|
|
|
104 |
|
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.
|
|
|
|
|
|
|
|
Date: April 6, 2026 |
|
By: |
/S/ MICHAEL NOONAN |
|
|
|
Michael Noonan |
|
|
|
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