Dalata, the premier hotel group in Ireland, has declared its initial venture into the private debt domain following the accomplishment of a €125 million senior secured loan notes placement. As the proprietor of both Clayton and Maldron brands, Dalata confirmed substantial demand for this issuance. It is expected to boost available finances to support its expansion plan.
Additionally, the company revealed on Thursday the restructuring of €475 million worth of current bank resources. Carol Phelan, Dalata’s Chief Financial Officer, enthusiastically spoke about the successful conclusion of the refinancing. She added that this raised the company’s debt limit to €600 million, broadened the financing options and increased adaptability within the agreements. Further information on this subject will be communicated soon.