The Marriott-controlled ultra-luxury superyacht brand The Ritz-Carlton Yacht Collection would like to raise as much as $400 million to add two superyachts to its current three, Bloomberg News reported on Wednesday.
25.08.2023 - 14:46 / skift.com / Matthew Parsons
Corporate travel agency TripActions this week secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank, which it said it will use to “accelerate the expansion of its customer base.”
The credit facilities consist of a warehouse debt facility from Goldman Sachs Bank USA, as the senior lender and administrative agent, with a $200 million commitment ($300M total program limit) and an asset-backed lending facility of $100 million led by Silicon Valley Bank.
TripActions said the warehouse facility will enable the continued growth of its corporate card and expense management solution, TripActions Liquid. “With this new warehouse facility from Goldman Sachs, TripActions Liquid is well positioned to support its customers while continuing to innovate at a rapid pace,” said executive vice president Michael Sindicich, head of TripActions Liquid, in a statement.
The corporate travel agency’s latest financial dealings follow October’s raising of more than $300 million. That involved a combination of $154 million in equity from new and existing financial investors, plus a $150 million structured capital transaction led by Coatue.
The company also last month bought Spain’s Atlanta Events & Corporate Travel Consultants, its fourth acquisition in 18 months.
Meanwhile, there’s still no news on a potential initial public offering to further fund the business.
The Marriott-controlled ultra-luxury superyacht brand The Ritz-Carlton Yacht Collection would like to raise as much as $400 million to add two superyachts to its current three, Bloomberg News reported on Wednesday.
Great Wolf Lodge is a family-friendly hotel and water park with over 20 locations in the US. It operates similarly to an all-inclusive experience with on-site bars, shops, and restaurants.
The Japan Pavilion at Epcot in Disney World is sometimes overlooked around the World Showcase. But there's a new restaurant in the pavilion that offers sweeping views of the lagoon (and the evening fireworks display).
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Three startups involved in the travel industry announced fundraises this week totalling more than $316 million.
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