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HBX Group closes debt refinancing process…

  • Travel Weekly Group Ltd
  • 27 March 2025
  • 1 minute read
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This article was written by Travolution. Click here to read the original article

image

All outstanding debt it covered and finance includes three facilities

B2B travel technology marketplace, HBX Group, has announced its successful refinancing of all its outstanding debt with the completion of syndication of the Term Loan B facility.

The transaction extends the maturities of the Group’s credit facilities to 2030 and 2032. The refinanced credit agreement includes three facilities.

One is a €600 million Term Loan A facility maturing in 2030, priced at Euribor + 2.00%, one is a €400 million multi-currency Revolving Credit Facility maturing in 2030, also priced at Euribor + 2.00% and the final one is a €600 million Term Loan B facility maturing in 2032, priced at Euribor + 2.75%.

HBX Group has been assigned a Ba3 long-term Corporate Family Rating and a Ba3 rating for the €600 million senior secured Term Loan B due 2032 by Moody’s.

The Group has also received a BB-rating for both HBX and the senior secured Term Loan B from S&P. Both agencies have assigned a stable outlook.

The Joint Lead Arrangers under the credit agreement are BBVA, Banco Santander, Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Intesa Sanpaolo, Morgan Stanley, and UBS.

Deutsche Bank acted as Sole Physical Bookrunner for the Term Loan B syndication.

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“We are delighted with the successful refinancing of our debt, which reflects the strong confidence the market has in our company,” said Brendan Brennan, HBX Group’s chief financial officer.

“With the funds raised from our IPO and the subsequent refinancing of our debt, we are now in a strong financial position to accelerate our growth strategy and continue to be an innovative force in the TravelTech industry.”

Please click here to access the full original article.

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