Hotelbeds in head-to-toes refinancing

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By Victor Jimenez
31 Oct 2017

Majorcan travel services operator Hotelbeds has announced a repricing of all its loan debt, continuing a wave of margin cutting that investors have little choice but to support.

Hotelbeds has joined the trail of refinancing and repricing deals seeking tighter margins but adding little new paper to the euro leveraged loan market.

Such deals have become one of the main sources of high loan volumes in 2017, in some cases being remarketed as facilities past ...

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