£20M first charge acquisition loan supporting the strategic purchase of six Travelodge assets nationwide.
Financed the £20M acquisition of six hotels let on operating leases to a national hotel operator, completed at 60% loan-to-value. The borrowing structure comprised offshore JPUTs with ultimate beneficial owners spread across Asia. We worked closely with the sponsors and broker to execute post-exchange and hit the agreed completion date, documenting on LMA terms with blocked bank accounts and a pre-agreed waterfall mechanism.
How we structured it
Cross-border structuring
JPUT structures (offshore structures) with UBOs spread across Asia
Timely execution
Close engagement with Sponsors and Broker to execute the deal post exchange on the agreed completion date
LMA waterfalls
LMA documents with blocked bank accounts and pre-agreed waterfall mechanism.
