|NH Hoteles completes debt refinance.|
Friday, 4th May 2012
Source : HVS International
NH Hoteles SA this week announced the signing of an agreement with creditors to refinance €730 million of debt.
The agreement was signed by the 33 banks holding 100% of the debt to be refinanced, encompassing the balance outstanding under a syndicated loan arranged in August 2007 (€455 million) as well as virtually all of the group's credit facilities (€275 million).
NH also said it has agreed the terms of the refinancing of its €75 million debt in Italy, bringing the total amount of debt being refinanced to more than €800 million.