January 8, 2020 |
Jamaica's Seawind Key Investment has secured a seven-year loan for $180 million to refinance debt and fund general corporate purposes, said a source close to the deal. Banco Sabadell and CIBC FirstCaribbean led the deal and brought in CaixaBank as a participant. CIBC FirstCaribbean also doubled up as the administrative agent, the source said.
The hotel developer will use the money to pay off debt from the construction of the Breathless Montego Bay Resort & Spa, which opened in 2017, as well
Jamaican hotel developer gets $180 mln from three lenders to pay off debt from the construction of three resorts in Montego Bay