gategroup closes multi-currency refinancing package
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Background ✨
The refinancing package was oversubscribed and included term loans with seven year tenures and a 6.5 year revolving credit facility, supporting the repayment of existing loans and enhancing liquidity and flexibility for gategroup. This transaction marked gategroup's debut as a Term Loan B issuer and replaced its EUR250 million Term Loan A and CHF415 million revolving credit facility1.