Mexican Hotel Operator Targets $225m

Mexican Hotel Operator Targets $225m

Mexico Bonds

Mexican hotel operator Grupo Posadas is preparing to issue $225m in 2017 senior notes, according to ratings agencies, as part of a liability management operation. The Mexican hotel operator is scheduled to finish a US and European roadshow Wednesday, with pricing of the new B2/B+ bond expected to follow. Posadas has launched a tender targeting the $200m outstanding in 9.250% 2015 bonds. It is offering holders $1,045 per $1,000 principal before a November 14 early deadline, and $1,015 through the

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