NH Hotel loses three banks in loan amend and extend

Empty hotel corridor from Adobe 9Jul20 575x375
By Mike Turner
29 Oct 2020

NH Hotel Group, the Spanish hotel chain, has extended its revolving credit facility, but three lenders have pulled out of the deal, which has been reduced in size by €14m to €236m.

The maturity on NH Hotel’s revolver has been extended by 2.5 years to March 2023, making the new date the nearest significant debt maturity on the borrower’s horizon.

Bankia, BBVA and Santander were bookrunners. They were joined by mandated lead arranger Deutsche Bank and junior lenders Banco de Sabadell, ...

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