Hotelbeds lays Tourico deal in hot levloan market
Spanish travel distributor Hotelbeds is planning an add-on of its original LBO loans to fund the acquisition of Tourico Holidays, a US peer.
The Majorca-based bed bank company has mandated HSBC, Morgan Stanley, Bank of Ireland, Deutsche Bank and UniCredit to market a €172.5m extension of its leveraged buyout loans, and a €25m add-on of its revolver to finance the Tourico deal.Hotelbeds’ sponsors Cinven and Canada ...
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