Southeast Asia’s Main Travel Platform
I don’t really really feel like I’m working for an organization, I really feel like I’m working for the visitor, and for me that’s everything. Net Debt — As of December 31, 2020, the Company’s leverage ratio for covenant purposes was 5.4x, nicely throughout the 7.5x amended covenant. The Company had $4.2 billion of corporate debt outstanding as of December 31, 2020, which excluded $2.2 billion of non-recourse debt related to its securitized notes receivable. The Company’s subsequent long-term debt maturity is $250 million of secured notes due March 2021. At the tip of the fourth quarter, the Company had $1.6 billion of liquidity in money and cash equivalents and revolving credit score facility capability. The results of operations through the fourth quarter of 2020 embody impacts associated to the COVID-19 international pandemic, which have been considerably unfavorable to the travel business, the Company, its clients and employees.
- The cult-favorite