LIBERTY TRIPADVISOR HOLDINGS, INC. (NASDAQ:LTRPA) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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LIBERTY TRIPADVISOR HOLDINGS, INC. (NASDAQ:LTRPA) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement.

On May12, 2017, TripAdvisor, Inc. (TripAdvisor), TripAdvisor
Holdings, LLC (Holdings), and TripAdvisor LLC, subsidiaries of
Liberty TripAdvisor Holdings, Inc., entered into the First
Amendment (the First Amendment), amongTripAdvisor, Holdings,
TripAdvisor LLC, the other Subsidiary Loan Parties party thereto,
the Lenders party thereto, JPMorgan Chase Bank, N.A., as
administrative agent (the Administrative Agent), and J.P. Morgan
Europe Limited, as London agent (the London Agent), which
modifies the Credit Agreement, dated as of June26, 2015 (as
amended by the First Amendment, the Amended Credit Agreement),
among TripAdvisor, Holdings, TripAdvisor LLC, the other
Subsidiary Loan Parties from time to time party thereto, the
Lenders from time to time party thereto, the Administrative Agent
and the London Agent.

The First Amendment, among other things:

increases the aggregate amount of revolving loan
commitments available under the Amended Credit Agreement
from $1.0billion to $1.2billion;

allows for the deduction of certain foreign cash in the
calculation of Consolidated Net Funded Debt (as defined
in the Amended Credit Agreement);

extends the maturity date of the Amended Credit Agreement
to May12, 2022; and

revises the pricing grid to decrease the Commitment Fee
Rate (as defined in the Amended Credit Agreement) at
certain leverage ratio levels.

The foregoing description of the First Amendment is qualified in
its entirety by reference to the full text of the First Amendment
which is filed as Exhibit 10.1 to TripAdvisors Current Report on
Form 8-K (File No. 001-35362), filed with the Securities and
Exchange Commission (SEC) on May 15, 2017, and is incorporated
herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

See the discussion set forth in Item1.01, Entry into a Material
Definitive Agreement, of this Current Report on Form 8-K, which
discussion is incorporated herein by this reference.

Item 9.01.Financial Statements and Exhibits.

(d)Exhibits.

ExhibitNo.

Description

10.1

First Amendment, dated as of May12, 2017, by and among
TripAdvisor, Inc., TripAdvisor Holdings, LLC, TripAdvisor
LLC, the other Subsidiary Loan Parties party thereto, the
Lenders party thereto, JPMorgan Chase Bank, N.A., as
administrative agent, and J.P. Morgan Europe Limited, as
London agent (incorporated by reference to Exhibit 10.1
to TripAdvisors Current Report on Form 8-K (File No.
001-35362), filed with the SEC on May 15, 2017).

2


About LIBERTY TRIPADVISOR HOLDINGS, INC. (NASDAQ:LTRPA)

Liberty TripAdvisor Holdings, Inc. (TripCo) is a holding company. The Company, through its ownership of interests in subsidiaries and other companies, is engaged in the online travel research and online commerce industries. TripCo holds the subsidiaries TripAdvisor, Inc. (TripAdvisor) and BuySeasons, Inc., which includes the retail businesses of BuyCostumes.com and Celebrate Express (BuySeasons), both of which operate as standalone operating entities. TripCo’s segments include those consolidated companies that represent 10% or more of its consolidated annual revenue, annual adjusted operating income before depreciation and amortization (Adjusted OIBDA) or total assets and those equity method affiliates whose share of earnings represent 10% or more of TripCo’s annual pre-tax earnings.

LIBERTY TRIPADVISOR HOLDINGS, INC. (NASDAQ:LTRPA) Recent Trading Information

LIBERTY TRIPADVISOR HOLDINGS, INC. (NASDAQ:LTRPA) closed its last trading session down -0.43 at 14.18 with 674,907 shares trading hands.