DLA Piper has advised a syndicate of financial institutions in providing financing to Minor Hotels Europe & Americas, S.A. (formerly NH Hotel Group). The transaction aims to refinance Minor Hotels’ senior debt maturing in July 2026, as well as to provide a revolving credit facility.
The financing, totaling €400 million, was structured in two tranches (both with green loan provisions):
The cross-border transaction involved jurisdictions including Spain, Belgium, the Netherlands, and Italy, and was led from DLA Piper’s Madrid office. The multidisciplinary team provided comprehensive financing advice, including negotiating the term sheet and releasing prior guarantees, ensuring smooth execution across multiple legal frameworks.
The DLA Piper team was led by Jesús Zapata, Managing Partner of the Madrid office, with the participation of over 25 professionals, including José Marco, Partner; Antonio Olarte, Senior Associate; Nerea Cemlyn-Jones and María Alonso, both Counsel; and Ángel Ansorena and Víctor Sanjuan, Associates. In other jurisdictions, the teams were led by Giovanni Ragnoni, Finance Partner in Italy; Lex Oosterling, Finance Partner in Amsterdam; and Caroline Hoste, Finance Partner in Brussels.
In Jesús Zapata’s words: “We are very proud to have led this complex, cross-border transaction, which underscores DLA Piper’s commitment to strategic advice in sustainable financing.”
The transaction was closed in July 2025.
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