Airbnb is reportedly paying a steep 10% interest on the debt it just raised in its $1 billion funding and its valuation is nearly half what it was in 2017

Stephen Lam/Reuters

• Airbnb will pay more than 10% in interest on the additional funding it just secured from Silver Lake and Sixth Street Partners, The Wall Street Journal reported Tuesday.
• The investors were also offered warrants that can convert into stock based on a valuation of $18 billion, a significant drop from Airbnb's previous valuation of $31 billion, according to The Wall Street Journal.
• Airbnb announced Monday that it had raised $1 billion in debt and equity, but the deal terms had not been previously reported.
• Airbnb's latest funding deal raises its cash reserves to $4 billion, according to Reuters, and comes as the company's business has been hit hard by the coronavirus.
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Airbnb has agreed to pay more than 10% in interest on the additional funding it recently raised and will offer its new investors warrants that value the company at $18 billion, The Wall Street Journal reported Tuesday.

Airbnb announced Monday that it had raised $1 billion in debt and equity from Silver Lake and Sixth Street Partners, but it did not disclose the terms of the deal.

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See Also:

• Airbnb could boom after the coronavirus downturn, assuming it survives the crisis
• Airbnb's hosts aren't impressed with the company's $260 million package to make up for coronavirus cancellations. 'People see it for what it is — it's PR.'
• Amazon's biggest day of the year is on a collision course with the coronavirus

SEE ALSO: Airbnb could run out of cash in one year, even with the $1 billion it just raised, because of how devastating the coronavirus is on its business

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