Aimbridge Hospitality Enters Restructuring Support Agreement
PLANO, Texas—Aimbridge Hospitality announced that it has entered into a Restructuring Support Agreement (RSA) with support from its first and second lien lenders and its existing sponsor that would right-size the company’s capital structure by converting more than $1.1 billion in debt to equity, and infuse $100 million in new capital, strengthening the company’s financial position. Pursuant to the transaction contemplated by the agreement, which has the support of more than 80 percent of […] The post Aimbridge Hospitality Enters Restructuring Support Agreement appeared first on LODGING Magazine.
PLANO, Texas—Aimbridge Hospitality announced that it has entered into a Restructuring Support Agreement (RSA) with support from its first and second lien lenders and its existing sponsor that would right-size the company’s capital structure by converting more than $1.1 billion in debt to equity, and infuse $100 million in new capital, strengthening the company’s financial position. Pursuant to the transaction contemplated by the agreement, which has the support of more than 80 percent of […]
The post Aimbridge Hospitality Enters Restructuring Support Agreement appeared first on LODGING Magazine.
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