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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData

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NH Hoteles SA Plans Issuance Of Senior Secured Notes And Convertible Bonds

Thursday, 24 Oct 2013 12:15pm EDT 

NH Hoteles SA announced that it is planning the Issuance of Senior Secured Notes (the Notes) in the initial amount of EUR 225 million, with a maturity in 2019 and a semiannual interest payment. The Notes would be directed to international qualified investors and would be subject to the law of New York, the United States. The Notes would trade on the Luxembourg Stock Exchange. The Company will proceed with the Issuance of the Notes only if at the same time it carries out the Issuance of Convertible Bonds (Convertible Bonds). The estimated amount of the Issuance of Convertible Bonds may be up to EUR 275 million, with a maturity on 2018 and a quarterly interest payment. The Convertible Bonds would be directed to the international qualified investors, subject to the English law. They would trade in the open market segment (Freiverkehr) of the Frankfurt Stock Exchange. 

Company Quote

0.03 +0.74%
10:00am EDT