FRHI Holdings Limited Announces Successful Refinancing

FRHI Holdings Limited Announces Successful Refinancing

(ddp direct) The new facility has an initial maturity of May 2016 with an option to extend the term for one additional year, subject to certain conditions including the payment of an extension fee. In addition, FRHI has the option to seek additional lender commitments to increase the aggregate principal amount of the new facility by up to $250 million through an accordion feature, allowing for total commitments up to $850 million. The facility was arranged by Citigroup Global Markets Inc. and RBC Capital Markets as Joint Lead Arrangers and Book Running Managers.

„We are very pleased with the finalization of the new credit facility which provides improved pricing and terms while extending maturity and increasing the facility size,“ said Bill Fatt, Chairman & Chief Executive Officer, FRHI. „In addition, the new facility greatly enhances our financial flexibility and capacity to support the global expansion of our three brands.“

ABOUT FRHI HOLDINGS LIMITED

FRHI, a leading global hotel company, operates over 100 luxury and upper-upscale hotels under the Fairmont, Raffles and Swissotel brands. The company also manages Fairmont, Raffles and Swissotel branded luxury private residences club, whole-ownership residences and serviced residences properties. For information, please visit <a href="http://www.fairmont.com;„>www.fairmont.com;

Marketwire revolutioniert die Art und Weise, wie die Welt miteinander kommuniziert. Marketwire ist ein führender Verteiler von Unternehmens-Pressemeldungen und sonstigen Mitteilungen und bedient mit seinen 20 Niederlassungen auf vier Kontinenten weltweit mehr als 11.000 Kunden. Marketwire liefert auf elektronischem Weg Nachrichten und Informationen aus aller Welt an traditionelle und Neue Medien wie z.B. Zeitungen, Zeitschriften, Datenbanken, Analystenterminals, Online-Portale und Blogs. Marketwire hilft seinen Kunden, mit ihren Kommunikationen ein Maximum an Einfluss zu erreichen, und bedient sich dabei innovativer Entwicklungen in der Suchmaschinenoptimierung sowie in den Bereichen Multimedia, soziale Medien und neue Technologien. Weiterführende Information finden Sie auf unserer Website unter www.marketwire.com.

Kontakt:
Marketwire
Marketwire Client Services
100 N. Sepulveda Boulevard, Suite 325
90245 El Segundo
intldesk@marketwire.com

http://www.marketwire.com