Radisson Hospitality starts roadshow for €250 million five-year secured note offer

By Paul A. Harris

Portland, Ore., June 25 – Radisson Hospitality AB started a roadshow on Monday for a €250 million offering of five-year senior secured notes (B1//BB-), according to a market source.

The deal, which is being managed by JP Morgan, comes with initial price talk in the high 6% area to 7%, the source added.

The roadshow wraps up on Thursday.

The notes will have two years of call protection.

The issuing entity will be Radisson Hotel Holdings AB, a wholly owned subsidiary of Radisson Hospitality.

The Brussels-based hotel group plans to use the proceeds to repay debt under its existing credit facilities and for general corporate purposes including its five-year operating plan, further investments and the creation of a liquidity buffer.

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