IN BRIEF: Hostelworld makes early EUR10 million repayment of loan

Wed, 05th Apr 2023 16:41

Hostelworld Group PLC - Dublin-based hostel booking company - Announces voluntary early repayment of EUR10 million of its EUR30 million term loan facility. Represents 30% of the outstanding five-year facility.

Following this early repayment, the current outstanding debt to HPS Investment Partners LLC is EUR24.4 million, which includes PIK interest of EUR4.4 million. Hostelworld says it continues to make progress on plans to refinance the remaining balance of the facility.

Current stock price: 127.50 pence, down 0.8%

12 month change: up 63%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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