GHL CV19 Facility

inactive

This transaction consists of a seven-year term senior secured loan of up to US$10 million to finance the Company’s working capital needs due to the impact of the COVID-19 pandemic, as well as to support its growth strategy and recovery across Latin American countries such as Argentina, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, and Peru. GHL is a regional multi-brand hotel operator using the highest standards and operational efficiencies to manage hotels under its own brands and under a variety of international flags via franchise agreements.The proposed financing aims to support the Company's working capital, general institutional needs, and growth strategy.======================ADENDUM:On February 24, 2021 the publication was revised to include Panama in the Project Scope and Objective and IDB Invest Participation.