Airbnb has secured a $1 billion syndicated term loan, in a bid to shore up its financial defenses amid the coronavirus outbreak.
The support comes just a week after it announced a funding round - a combination or debt and equity securities - from Silver Lake and Sixth Street Partners, also to the tune of $1 billion.
Airbnb says the loan is from unnamed "institutional investors," although Reuters reports that the backers from last week are also involved alongside Apollo Global Management, Oaktree Capital Management and Owl Rock.
In a statement, Airbnb co-founder and CEO and Brian Chesky, who has been singled out for criticism in recent weeks in the financial press, says he appreciates the "confidence and trust that so many have shown in the company" during the coronavirus pandemic.
He adds: "We know travel will return and rather than merely hunkering down, the support we have received will allow Airbnb to continue moving forward as we invest in our community.
"All of the actions we have taken over the last several weeks assure that Airbnb will emerge from the storm of the pandemic even stronger, regardless of how long the storm lasts."
Last week, Airbnb temporarily halted bookings on the platform in the U.K., except for key workers and those with "essential stays."
The closure of bookings until at least April 18 has yet to be extended to other countries.
The decision came just days after the company said it would be relying on hosts to ensure guests were not contravening government guidance on non-essential travel.