Host Hotel Properties is planning to issue new bonds totalling NOK 150 million

The new bonds will have a 3-year maturity and are secured by first and second priority in the Norwegian hotel properties in addition to the company’s shares in the respective property companies.

40% of the loan is pre-subscribed by investors in the central Norwegian bond market. Net proceeds will be used to repay existing debt and operational funding, including maintenance of the hotels.

Arrangers for the bond issue are ABG Sundal Collier and SEB Merchant Banking.

http://www.firsthotels.no