Scandic Hotels seeks A&E, terms bettered for lenders

Scandic Hotels, the Swedish hotel group owned by EQT Partners, wants to extend €400m-equivalent of term loans and a revolver.

  • By Olivier Holmey
  • 06 Dec 2013

Scandic is seeking to extend its term loans ‘B’ and ‘C’ in Swedish kronor and euros of around €197m-equivalent each until January 2017 and its revolving credit facility to July 2016. Morgan Stanley is coordinator.

The hotel group offered margins of 375bp on both term loan tranches, but ...

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