B&B Hotels launches liquidity deal

bb hotels company 575
By Owen Sanderson
03 Mar 2021

Goldman-owned hotel chain B&B Hotels has launched a new loan deal for liquidity, in a test for the loan market's capacity for the next generation of rescue funding in the most distressed industries. The deal comes alongside an equity cheque of €80m.

On offer, through Goldman Sachs and Morgan Stanley, is a €100m loan for general corporate purposes and liquidity, part of a package of measures to patch up the troubled travel chain. This also includes an equity injection of €80m, and covenant waivers on the company’s existing €715m term ...

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