HY Resort Bond Seeks Low-8%

HY Resort Bond Seeks Low-8%

Mexico Bonds

Playa Resorts Holding is heard indicating a low-8% yield for a new $300m 2020 NC3 senior unsecured bond expected to price early next week, according to people following the sale. The startup operator of hotels in Mexico, the Dominican Republic and Jamaica is holding investor meetings this week. It is raising funds to acquire 13 resorts, with the bonds part of a $1.4bn in financing. It also counts on a $350m 6-year term loan and $786m in equity, including $325m from partner Hyatt Hotels, accordin

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