Dalata Hotel Group Secures €600 Million Refinancing Deal

Dalata Hotel Group PLC has announced a significant refinancing move to fuel its growth. The Dublin-based company has successfully secured €600 million in refinancing, including a €100 million green term loan and a €125 million inaugural private placement of green loan notes. This refinancing move aims to enhance Dalata's financial flexibility and support future growth strategies.

The refinancing package comprises €475 million in bank facilities, featuring a €100 million green term loan and a €375 million multi-currency revolving credit facility. These facilities have an opening margin of 1.70% and 1.30%, respectively, and offer a five-year term with extension options.

Dalata has also issued €125 million in senior secured notes, marking its inaugural private placement. This includes €62 million and £52.5 million in green loan notes, with an average coupon of 4.6% and 6.2% respectively, and maturities between five and seven years.