GHK Hospitality & Infra Ltd. has raised debt financing worth US$8.5 million
GHK Hospitality & Infrastructures Ltd. (GHK Hospitality) has successfully raised US$8.5 million in debt financing. This fundraising will enable the company to overcome its cash flow and capex issues.
GHK Hospitality owns a 5-star hotel with 130 rooms located in Ahmedabad. It has a management arrangement with a top-tier hotel operator, India’s premier chain of luxury hotels. It faced tough industry conditions during the COVID-19 pandemic and needed to restructure and rebrand to ensure its survival, resulting in cash flow and capex challenges.
Oaklins’ team in India worked on realigning cash flow from GHK Hospitality’s recently launched hotel operations, creating a refinanceable structure facilitating debt consolidation with commensurate cash flows. It was able to raise long-term debt for the company, replacing high-cost bridge funding. Furthermore, it placed the right-sized facility in a structure which was not only cost-efficient, but also significantly elongated due to the newly improved liquidity profile of the company. This resulted in repayments being in sync with cash flow, in addition to low-cost funds after bridge loan refinancing.
Falar com a equipa da transação
Transações relacionadas
Terra Holding S.r.l. has launched a voluntary public tender offer for Gibus S.p.A.
Terra Holding S.r.l. has initiated a voluntary public tender offer for the shares of Gibus S.p.A.
Saber maisStones Infra Projects has raised debt finance
This transaction marked a successful debt raise to fund Oleander Farms’ growth. Strategically located in Karjat between Mumbai and Pune, this five-star resort caters to luxury travelers, MICE (meetings, incentives, conferences and exhibitions), weddings and large-scale events. The rising demand for additional room inventory to host sizable gatherings, along with the scarcity of large-format resorts in the region, were key drivers behind raising capital to accelerate expansion.
Saber maisManolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
Saber mais