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Two firms that provided a $1 billion lifeline to Airbnb Inc. at the onset of the pandemic have roughly doubled their money on the investment following the home-sharing company’s blowout initial public offering.

Silver Lake and Sixth Street Partners were sitting on paper gains of about $460 million each as of Thursday via warrants that were attached to a second-lien loan they extended to the company in April, on top of the double-digit interest they’ve earned on the debt, according to people with knowledge of the matter.

Read more from source: Airbnb Lenders Reap $1 Billion Windfall on Pandemic Lifeline - Bloomberg