Hotel Development & Investment

company group

A parent and its subsidiary companies, which are all the companies presented in the consolidated financial statements of a parent company. [...]

company group2024-09-16T09:22:00+02:00

club deal

A financing arrangement by which a group ("syndicate") of banks underwrites the full amount of a multilateral loan at the outset of the transaction wi [...]

club deal2024-09-16T09:21:51+02:00

margin

The difference (“spread”) between the total interest rate charged on a loan and its reference base rate (e.g., LIBOR), to compensate lenders/investors [...]

margin2024-09-16T09:25:14+02:00

syndicated facility

Financing in which revolving credit or a term loan facility is arranged and provided through direct syndication and/or funded participation by more th [...]

syndicated facility2024-09-16T09:28:44+02:00

subordination agreement

An arrangement under which a current lender contractually undertakes to subordinate some or all of its rights against a borrower to the rights and int [...]

subordination agreement2024-09-16T09:28:11+02:00

lender

A party that commits to advance (lend) to a borrower an amount of the total financing, either alone in a bilateral loan or with other lenders in a mul [...]

lender2024-09-16T09:25:03+02:00
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