Airbnb to get $1 billion investment from Silver Lake, Sixth Street Partners

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Reuters reported https://www.reuters.com/article/us-airbnb-debt/airbnb-holds-meeting-with-bankers-to-extend-1-billion-debt-facility-source-idUSKBN21C3O2 in March that Airbnb held a phone meeting with bankers to discuss extending an existing $1 billion debt facility amid a slowdown in demand due to the novel coronavirus, citing a source who had participated in the meeting.

Airbnb lowered its internal valuation by 16% to $26 billion, a source familiar with the matter told Reuters on Thursday.