Tripadvisor Inc. (NASDAQ: TRIP) repaid its 0.25% Convertible Senior Notes due 2026 at maturity for $345.4 million, consisting of principal and accrued interest, the company announced. The payment was funded using cash on hand.

No holders converted their notes to equity, and no stock was issued in connection with the maturity, according to the company's statement.

The convertible notes were originally issued in March 2021 for an aggregate principal amount of $345.0 million with a maturity date of April 1, 2026. The notes were sold in a private offering to qualified institutional buyers.

The repayment eliminates the debt obligation from Tripadvisor's balance sheet as the notes reached their scheduled maturity date.