Aimbridge Reaches Agreement With Lenders to Right Size Balance Sheet and Significantly Strengthen Financial Position ...Middle East

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Aimbridge Reaches Agreement With Lenders to Right Size Balance Sheet and Significantly Strengthen Financial Position
source : hospitality net ( Middle East ) () 33
Aimbridge Hospitality, a leading, global hotel management company and the world’s largest third-party hotel operator, today announced that it has entered into a Restructuring Support Agreement with overwhelming support from its first and second lien lenders and its existing sponsor that would right-size the Company’s capital structure by converting more than $1.1 billion in debt to equity, and infuse $100 million in new capital, significantly strengthening the Company’s financial position.

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