Dalata Hotel Group PLC: Refinancing to Fuel Growth

DJ Dalata Hotel Group PLC: Refinancing to Fuel Growth

Dalata Hotel Group PLC (DAL,DHG) 
Dalata Hotel Group PLC: Refinancing to Fuel Growth 
10-Oct-2024 / 07:00 GMT/BST 
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Dalata Announces EUR600 million Refinancing to Fuel Growth 
Refinancing Includes EUR100 million Green Term Loan and Inaugural Private Placement of EUR125 million Green Loan Notes 
ISE: DHG  LSE: DAL 
 
Dublin and London | 10 October 2024: Dalata Hotel Group plc ('Dalata' or the 'Group'), the largest hotel operator in 
Ireland, with a growing presence in the United Kingdom and Continental Europe, is pleased to announce it has 
successfully refinanced its existing debt facilities and added further liquidity to its capital structure to fund its 
future growth. 
 
EUR475 million Bank Facilities 
The new lending facilities are made up of a green term loan facility of EUR100 million and a multi-currency revolving 
credit facility of EUR375 million (together the "Bank Facilities") with opening margin of 1.70% and 1.30% respectively. 
The Bank Facilities have a five-year term expiring in October 2029 with the option of two one-year extensions. 
 
EUR125 million Private Placement 
The Group has also completed its inaugural private placement with the EUR125 million issue of senior secured notes (the 
"Notes"), comprising EUR62 million and GBP52.5 million. They have an average coupon of 4.6% and 6.2% respectively and a 
maturity profile of between five and seven years. The Notes are designated as Green. 
 
Both the green term loan and the Notes have been structured in line with the Loan Market Association Green Loan 
Principles. 
 
Strong demand for both the Bank Facilities and the Notes offering (collectively the "New Facilities") demonstrate 
confidence in Dalata's investment case and performance. The New Facilities will further strengthen the Group's 
financial position, providing greater financial flexibility through the extension of the debt facilities and support 
the business as it continues to deliver on its exciting growth strategy. The New Facilities replace the existing 
multi-currency loan facility consisting of a GBP176.5 million term loan facility and a EUR304.9 million revolving credit 
facility due to mature in October 2025. 
 
The Group's existing banking syndicate, Allied Irish Banks, Bank of Ireland, Barclays Bank and HSBC Bank has been 
joined by NatWest. The private placement noteholders are high quality institutional debt investors. 
Carol Phelan, CFO, Dalata said: 
"We are delighted to announce the successful completion of our refinancing. This increases our debt capacity to EUR600 
million, diversifies our funding sources and enhances the flexibility under the agreements. As part of the refinancing, 
we are very pleased to have also secured our inaugural private placement on attractive terms demonstrating the credit 
quality of the Group. Our strategic focus on growing a sustainable business has been illustrated by the green term loan 
and private placement. These New Facilities reflect the confidence of our partners, further enhance the Group's strong 
balance sheet and enable us to continue to deliver on our ambitious growth strategy". 
 
-ENDS- 
About Dalata 
Dalata Hotel Group plc is a leading hotel operator backed by EUR1.7bn in hotel assets primarily in Ireland and the UK. 
Established in 2007, Dalata has become Ireland's largest hotel operator with an ambitious growth strategy to expand its 
portfolio further in excellent locations in select, large cities in the UK and Continental Europe. The Group's 
portfolio comprises a mix of owned and leased hotels with 57 primarily four-star hotels operating through its two main 
brands, Clayton and Maldron Hotels, with 12,258 rooms and a pipeline of over 700 rooms. For the six-month period ended 
30 June 2024, Dalata reported revenue of EUR302 million, basic earnings per share of 16.0 cent and Free Cashflow per 
Share of 21.5 cent. Dalata is listed on the Main Market of Euronext Dublin (DHG) and the London Stock Exchange (DAL). 
For further information visit: www.dalatahotelgroup.com 
 
Contacts 
 Dalata Hotel Group plc           [e-mail] 
 Dermot Crowley, CEO            Tel [phone] 
Carol Phelan, CFO 
Niamh Carr, Head of Investor Relations & Strategic Forecasting 
 
 Joint Group Brokers 
Davy: Anthony Farrell            Tel [phone] 
Berenberg: Ben Wright / Clayton Bush    Tel [phone] 
 
 Investor Relations and PR | FTI Consulting Tel [phone] 
 Melanie Farrell / Rugile Nenortaite    [e-mail] 

----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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ISIN:      IE00BJMZDW83, IE00BJMZDW83 
Category Code: MSCM 
TIDM:      DAL,DHG 
LEI Code:    635400L2CWET7ONOBJ04 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:  351970 
EQS News ID:  2005565 
 
End of Announcement EQS News Service 
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October 10, 2024 02:00 ET (06:00 GMT)