NautaDutilh successfully advised J.P. Morgan in relation to the EUR 250,000,000 senior secured notes issue of the Radisson Hotel Group. The closing of the transaction took place on 6 July 2018. NautaDutilh worked on the transaction as co-counsel with Shearman & Sterling LLP.
The Radisson Hotel Group is one of the world's largest hotel groups with eight distinctive hotel brands and over 1,400 hotels. The Notes are expected to be listed on the Official List of the Luxembourg Stock Exchange (for trading on Euro MTF market). Radisson Hospitality intends to use the proceeds from the issuance of the Notes to repay outstanding borrowings under existing credit facilities and for general corporate purposes, including to fund its five-year operating plan, to carry out further investments and to create a liquidity buffer.