Welcome Break Group Limited (“Welcome Break”) is pleased to announce the successful financial close of a new £815 million all-senior debt package, raised from a syndicate of leading UK and international banks alongside long-term core infrastructure investors.
The new financing package enables the full repayment of existing group indebtedness and includes a £200 million undrawn facility to support Welcome Break’s active pipeline of growth projects.
Commenting on the transaction, John Diviney, CEO of Welcome Break, said: “We are delighted to have completed this landmark refinancing, supported by our key relationship banks and long-term infrastructure partners. This new facility strengthens our balance sheet, provides significant flexibility to fund growth, and positions Welcome Break to continue investing in enhancing the customer experience across our network.”
Evercore acted as financial adviser to Welcome Break. Simpson Thacher & Bartlett LLP served as borrower’s counsel, and Latham & Watkins LLP advised the lenders.
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