Hilton Grand Vacations announced the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028. The new pricing will be SOFR plus 275 basis points, down from SOFR plus 300 basis points. Additionally, the interest rate...
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October 09, 2023, 07:44 AM
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Bain Capital Credit closed a senior secured unitranche credit facility provided by Bain Capital and Credit funds managed by Ares Management (“Ares”) to support the refinancing and growth of Pyramid Global Hospitality (“Pyramid”), a portfolio company...
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Hilton Grand Vacations refinanced and increased the capacity under the existing revolving facility from $800 million to $1 billion. As of the transaction close, $699 million remains available under the revolver. Bank of America will remain as the...
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December 21, 2021, 08:00 AM
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Ashford Hospitality Trust secured a strategic financing commitment from funds managed by Oaktree Capital Management, L.P. to provide a $200 million senior secured term loan. In addition, the financing commitment can be upsized by $150 million to an...
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December 30, 2020, 08:29 AM
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Slate Asset Management, a leading alternative asset management platform with a focus on real estate, announced it has provided a $75 million non-revolving credit facility to InnVest Hotels LP ("InnVest"), the largest owner and operator of hotels in...
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November 04, 2020, 08:54 AM
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CIG Capital (CIG CAP), an alternative investment firm, continues funding for the hospitality industry during the coronavirus pandemic and announces a new $95 million lending project for a new Sheraton hotel by the Hartsfield-Jackson Airport in...
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BHI announced that it provided a $47 million bridge loan to refinance the Moxy, a hotel located at 1011 K Street NW in downtown Washington, D.C. The borrower is Douglas Development Corporation (DDC).
Located in one of Washington DC’s fastest growing...
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January 15, 2019, 07:21 AM
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CWB Franchise Finance, a division of CWB Financial Group, announced it has led a syndicate to provide a $109 million loan facility to InnVest Hotels LP, owners of ninety-two hotels across Canada. The loan facilities will be used to refinance...
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Golub Capital recently announced that as Administrative Agent, Joint Bookrunner and Joint Lead Arranger, it provided a GOLD facility to Aimbridge Hospitality, LLC (Aimbridge) to refinance existing debt and for other corporate purposes. Aimbridge is a...
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CIT Group Inc. announced that CIT Real Estate Finance served as Co-Arranger and Administrative Agent for a $65 million senior secured credit facility to a joint venture between Extell Development Company and Parkland Group. The financing supports the...
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January 06, 2017, 07:35 AM
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Antares Capital announced today it is serving as administrative agent, joint lead arranger and joint bookrunner on a $198 million senior secured credit facility to support the acquisition of Interstate Hotels & Resorts by Kohlberg & Company...
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Ryman Hospitality Properties, Inc. announced today it has added an additional senior secured $400 million term loan (the “Term Loan B”) to its existing credit agreement. The new term loan matures in January 2021.The lead arranger for the Term Loan B...
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Access to financing was cited by 41 percent of industry professionals at the American Resort Development Association (ARDA) World 2014 conference as the top challenge in the timeshare industry this year, according to the third annual Vacation...
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Extended Stay America, Inc. announced that its subsidiary, ESH Hospitality, Inc., is seeking to raise a $375 million Senior Secured Term Loan (the "Term Loan") to refinance the existing outstanding $365 million of mezzanine debt and pay related...
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GE Capital's Canadian Franchise Finance business announced it has provided senior debt to Bayview Hospitality Group Inc., a hotel management and development company headquartered in Toronto, that will be used to refinance existing debt and allow...
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February 04, 2014, 07:14 AM
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Diamond Resorts International, Inc. announced that Diamond Resorts Corporation, an indirect wholly-owned subsidiary of Diamond Resorts International, closed a senior secured revolving credit facility on September 11, 2013, with Credit Suisse AG as...
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September 16, 2013, 07:50 AM
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Reuters reported Hilton Worldwide is launching a $5.85 billion credit at a bank meeting at on September 17 in New York City, sources told Thompson Reuters LPC. According to the Reuters report, proceeds will refinance existing debt in advance of...
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September 16, 2013, 07:34 AM
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