Alantra advises Grupo Piñero on a $200m 12-year sustainable financing

SECTORConsumer Goods & Retail

ServiceDebt Advisory

Value $200 million

Jan 2022
Debt financing
Value $200 million

Madrid – Alantra, the global investment banking and asset management specialist, is pleased to announce that it has acted as sole advisor to Grupo Piñero (“the Group”), one of the largest Hotel & Tourism groups in the Caribbean, in the global redefinition of the group’s debt structure. As part of this transaction, Alantra advised on a $200m 12-year sustainable financing and on the extension of the average life of the company’s long-term financing.

Founded in 1977, Grupo Piñero is a Spanish hotel and tourism group with a leading position in Spain and the Caribbean.  Headquartered in Palma de Mallorca, the Group is present throughout the entire travel value chain through its hotel, residential and golf division, its tour operator and incoming service provider, and other at-destination services that complement its offering. Grupo Piñero operates 27 hotels, totalling more than 14,000 rooms, and 4 golf courses in the Dominican Republic, Mexico, Jamaica and Spain.

In this transaction, Alantra acted as sole advisor for Grupo Piñero in raising a $200m, 12-year, Senior Secured Sustainable financing for the company’s hotels in the Dominican Republic and Jamaica. BID Invest and Banco Popular Dominicano provided the financing.

Alantra also supported the Group on the extension of part of their long-term financing facilities up to eight years, obtaining an increasing amortization calendar to accommodate the company’s business plan.

Javier Garcia Palencia, Managing Partner at Alantra, said, “We are proud to have supported Grupo Piñero, during a very challenging Covid scenario, by securing the right financing with the perfect partners in order to continue developing its business plan. This transaction is another example of our strong capabilities in debt raising, refinancing and debt capital markets.”

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