Financial restructuring of the AccorInvest group

Posted - 01.04.2021

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Elvinger Hoss Prussen advised the Ad Hoc Committee of lenders on the Luxembourg law aspects of the financial restructuring of the AccorInvest group, which operates 880 hotels worldwide and employs around 26,000 employees in 28 countries.

The restructuring involved amendments to the existing €4.5bn unsecured Facilities Agreement alongside the following transactions:

  • €477m new equity injection by the existing shareholders; and
  • €477m French state guaranteed loan being made available to the main French subsidiary of the AccorInvest group.

The team was led by partner Patrick Santer