In order to diversify its debt and extend its maturity, AccorInvest has successfully completed its second bond issue for a nominal amount of €650 million, with a 7-year maturity and a fixed coupon of 5.5%.
"Following an initial bond issue of €750 million, which was a great success with investors at the beginning of October 2024, this second success in a month strengthens our positioning, strategy and business model," stresses the hotel owner and operator in a press release, which specifies that the net balance of the issue proceeds will be used to repay other group debts.
AccorInvest owns and operates a portfolio of over 700 owned and leased hotels in 24 countries in Europe, Latin America and Asia.
Rothschild & Cie acted as financial advisor and Latham & Watkins as legal advisor. BNP Paribas acted as global coordinator and sole physical bookrunner. Weil advised BNP Paribas as sole physical bookrunner. BofA Securities Europe SA, Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale acted as global coordinators and joint bookrunners. Commerzbank Aktiengesellschaft and MUFG Securities (Europe) N.V. acted as joint bookrunners. Finally, Bank of China (Europe) S.A., Crédit Industriel et Commercial S.A. and NatWest Markets N.V. acted as co-managers.