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Pin to quick picksHostelworld Share News (HSW)

Share Price Information for Hostelworld (HSW)

London Stock Exchange
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Share Price: 114.60
Bid: 115.20
Ask: 116.80
Change: 4.00 (3.62%)
Spread: 1.60 (1.39%)
Open: 110.00
High: 118.40
Low: 110.00
Yest. Close: 110.60
HSW Live PriceLast checked at -

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IN BRIEF: Hostelworld Seeks Approval To Change Borrowing Limit

Mon, 18th Jan 2021 17:29

Hostelworld Group PLC - Ireland-based online booking platform - Says it is continuing to negotiate with a short-list of selected lenders in relation to a new EUR30 million debt facility. The proposed facility is expected to have a contractual maturity of five years, at a cost in the low to mid-teens, with other conditions, including a minimum liquidity covenant, security and warrants provisions, in line with current market practice for facilities of this nature. Whilst there is no guarantee that the company will agree the terms of a debt facility, in order to draw down a facility of this size, Hostelworld said it will be required to obtain shareholder approval, as the debt facility exceeds the borrowing limit. Therefore, the company is proposing to seek shareholder approval to change the borrowing limit to EUR40 million.

Current stock price: 72.60 pence, down 2.2% on Monday

Year-to-date change: down 3.2%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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