OYO in talks with Apollo to refinance $660m loan before IPO
India: Indian hospitality unicorn OYO is in talks with private equity firm Apollo Global Management to refinance a $660 million loan as the chain aims to reduce its debt in preparation for its initial public offering [IPO].
RedAwning and Affirm partner for buy now pay later scheme
US: Short-term rental hospitality platform RedAwning has partnered with payment startup Affirm to introduce a new “easy payment” scheme. Guests will now have the option to make a booking for a rental property now and pay over a period of time. By partnering with Affirm, which provides instalment loans for tech consumers, the company hopes to […]
Booking.com plans for lay offs after landing $4bn loan
Netherlands: Online travel agent Booking.com has told employees in an internal memo that layoffs from the company are “probable”, just days after the Financial Times reported it had received a $4 billion loan in bonds from investors to fend off severe effects caused by the coronavirus crisis. In a video conference held with hundreds of […]