Travel and ticketing startup Traveloka Indonesia has used internal cash to complete the early repayment of a £300m private credit loan provided by a group of investors including BlackRock and Orion Capital Asia, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that the company, one of Southeast Asia’s biggest online travel startups, was originally due to repay the 2022 loan in 2026, but took advantage of an April early repayment option.
Traveloka only withdrew $250m of the original $300m that the group of lenders, which also included sovereign wealth fund Indonesia Investment Authority and Allianz Global Investors, originally provided.
