Alantra acts as Coordinator and sole Bookrunner on Batle Group’s €30mn bond issue

September 27, 2017

Madrid- Alantra acts as coordinator and bookrunner for Batle Group, a hotel group specialized in the development and management of Resort Hotels, on the issuance of a €30mn seven-year senior secured bond.

The bond has a seven-year maturity with a 4% fixed coupon. The transaction has been executed through a private placement format with a subsequent listing in the Spanish Mid Cap bond market (MARF), involving a reduced number of investors with a buy & hold investment strategy.

Batle Group founded in 1956 in Spain, owns 12 hotels, 9 in Spain and 3 in the Dominican Republic.  The company’s sales in 2016 amount to €128mn and €43mn EBITDA. The company is developing two new hotels in Mexico, which will be financed through the €30mn bond issuance (seven year maturity) in a combination with a $90mn bank syndicated facility (10 year maturity).


This transaction is the fifth bond deal executed by Alantra in the Spanish market.

By Yago Sánchez September 27, 2017 Corporate News, Press Releases

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