Hogan Lovells acts as counsel for Radisson Hospitality AB on debut issuance of €250 million publicly listed high-yield bonds and €20 million super senior secured revolving credit facility

The High-Yield Bonds team at Hogan Lovells has added yet another deal to its impressive credentials by acting as counsel for Radisson Hotel Holdings AB, a wholly-owned direct subsidiary of Radisson Hospitality AB, in its inaugural issuance of €250 million high-yield bonds.

Radisson Hospitality AB is a leading international hotel management company operating a portfolio of over 370 hotels across Europe, the Middle East and Africa.  Radisson Hospitality AB's shares are listed on the NASDAQ OMX Stockholm, Sweden, and the group is headquartered in Brussels, Belgium.

The group issued €250 million 6.875% senior secured notes on July 6, 2018 with a term of five years maturing in 2023.  The notes, which are governed under New York law, are listed on the Official List of the Luxembourg Stock Exchange and trade on Luxembourg's Euro MTF market.  In addition, the deal included a new €20 million super senior secured revolving credit facility governed under English law.

The transaction featured a cross-border Hogan Lovells team involving offices in London, Paris, Amsterdam, Frankfurt, Luxembourg, New York and Washington, D.C.  Hogan Lovells' high-yield team was led by London partner Sylvain Dhennin with support from counsel Bryan Stephens, associates Philip Schuster, Daria Latysheva and Jonathan Morris and trainees Claire Dumbill and Carl Windrup.  On the banking side, Paris/London partner Alexander Premont lead the transaction with support from associates Luc Bontoux, Joseph Newton and Tam Tran.

Back To Listing