Hotelbeds talks term B, term loan C repricing at Euribor plus 350 bps

By Sara Rosenberg

New York, Oct. 26 – Hotelbeds (HNVR Holdco Ltd.) launched on Thursday the repricing of its €682.6 million covenant-light term loan B due September 2023 and €325 million covenant-light term loan C due September 2023 with price talk of Euribor plus 350 basis points with a 0% floor and a par issue price, according to a market source.

HSBC and Morgan Stanley Senior Funding Inc. are the joint bookrunners on the deal.

Commitments are due on Nov. 1.

Hotelbeds is an independent B2B accommodations distributor.

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