TripActions secures $400M in credit facilities from Goldman Sachs, SVB

Less than two months after announcing a new $9.2 billion valuation, TripActions said today it has secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank (SVB). 
Specifically, TripActions has secured a warehouse debt facility from Goldman Sachs with a $200 million commitment and the potential to “flex up” to $300 million if needed, noted EVP Michael Sindicich, head of TripActions Liquid. The company also has landed an asset-backed lending facility of $100 million led by Silicon Valley Bank. 
TripActions expanded from its core offering of travel expense management a

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