Radisson Hospitality’s €250 Million high-yield bonds Offering

Hogan Lovells acts as counsel for Radisson Hospitality AB on debut issuance of €250 million publicly listed high-yield bonds and €20 million super senior secured revolving credit facility

Radisson Hospitality AB is a leading international hotel management company operating a portfolio of over 370 hotels across Europe, the Middle East and Africa. Radisson Hospitality AB’s shares are listed on the NASDAQ OMX Stockholm, Sweden, and the group is headquartered in Brussels, Belgium.

The group issued €250 million 6.875% senior secured notes on July 6, 2018 with a term of five years maturing in 2023. The notes, which are governed under New York law, are listed on the Official List of the Luxembourg Stock Exchange and trade on Luxembourg’s Euro MTF market. In addition, the deal included a new €20 million super senior secured revolving credit facility governed under English law.

Hogan Lovells’ high-yield team was led by London partner Sylvain Dhennin (Picture) with support from counsel Bryan Stephens, associates Philip Schuster, Daria Latysheva and Jonathan Morris and trainees Claire Dumbill and Carl Windrup. On the banking side, Paris/London partner Alexander Premont lead the transaction with support from associates Luc Bontoux, Joseph Newton and Tam Tran.

Shearman & Sterling advised J.P. Morgan Securities plc as sole bookrunner with a team including Trevor Ingram, Peter Hayes, Esther Jansen, Simon Letherman, Kristen Garry, Jackson Lam, WonJu Sul, Fabio Pazzini, Ankita Sethia, Michèle Smith, Odilo Wallner, Marion von Grönheim and Michael Ward

Involved fees earner: Sylvain Dhennin – Hogan Lovells; Bryan Stephens – Hogan Lovells; Philip Schuster – Hogan Lovells; Daria Latysheva – Hogan Lovells; Jonathan Morris – Hogan Lovells; Alexander Premont – Hogan Lovells; Luc Bontoux – Hogan Lovells; Joseph Newton – Hogan Lovells; Trevor Ingram – Shearman & Sterling; WonJu Sul – Shearman & Sterling; Fabio Pazzini – Shearman & Sterling; Peter Hayes – Shearman & Sterling; Esther Jansen – Shearman & Sterling; Jackson Lam – Shearman & Sterling; Ankita Sethia – Shearman & Sterling; Michèle Smith – Shearman & Sterling; Odilo Wallner – Shearman & Sterling; Marion von Grönheim – Shearman & Sterling; Simon Letherman – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Michael Ward – Shearman & Sterling;

Law Firms: Hogan Lovells; Shearman & Sterling;

Clients: JP Morgan Securities; Radisson Hospitality AB;