• Hotelbeds dividend

The private equity shareholders of Hotelbeds have drawn a EUR500m dividend. The move is one of several debt-funded drawdowns to realise gains, reports Reuters.

The Hotelbeds payout has been largely covered by the issuing of EUR400m of debt. Pricing of term loans has increased, as lenders become more aware of the potential for a market downturn.

Read the full story here:

https://uk.reuters.com/article/idUKL8N21T5HF

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