US EditionMinor Hotels Closes the Refinancing of Its Guaranteed Senior Debt
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Minor Hotels (formerly NH Hotel Group) has refinanced its senior financial debt by amortizing its previous obligations and signing a new syndicated financing contract of 400 million euros, which extends the maturity period and has a more flexible financial structure. The new contract is distributed in a long-term loan of 200 million euros and a 'revolving' credit of another 200 million euros, Minor has explained to the National Securities Market…
MADRID, 2 (EUROPA PRESS) Minor Hotels Europe & Americas, previously NH Hotel Group, has announced the closure of the refinancing of its guaranteed senior financial debt, as it has notified the National Securities Market Commission (CNMV) this Wednesday. Specifically, the refinancing operation has included, among other aspects, the entry into force of [...] The Minor Hotels entry announces the closure of the refinancing of its senior debt appears…
The refinancing operation included, among other things, the entry into force of a new syndicated financing contract guaranteed for a maximum amount of EUR 400 million, distributed in a long-term loan (term Loan Facility) of EUR 200 million and a revolving credit Facility credit of another EUR 200 million, and the early and total amortization of the simple senior-ranking bonds guaranteed with maturity on 2 July 2026 and a coupon at 4,00% fixed an…
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