Astir Palace’s €362 Million Issuance
AKL advised Alpha Bank on the issuance of a common bond loan of up to €362 million by Astir Palace Vouliagmenis.
Astir Palace Vouliagmenis operates in Greece’s hospitality sector and is the owner of the luxury hospitality resort Four Seasons Astir Palace Hotel Athens. According to AKL, the funds raised by the bond issuance will be used “for the refinancing of the existing banking indebtedness of Astir Palace Vouliagmenis, for the purposes of its leveraged recapitalization and for the funding of the construction costs of the project for the comprehensive redevelopment of the tourist port-marina of Vouliagmeni.”
AKL advised Alpha Bank S.A., in its capacity as original subscriber, mandated lead arranger, bondholder agent and administrative agent, on the matter.