Global law firm White & Case LLP has advised Deutsche Bank AG, as left lead arranger, administrative agent, lender and issuer, on a US$1.35 billion financing provided to Playa Resorts Holding B.V., a subsidiary of Playa Hotels & Resorts N.V.
The proceeds of the financing, which included a US$1.1 billion term loan facility and a US$225 million revolving facility, were used to refinance existing debt and for general corporate purposes.
Playa Hotels & Resorts is a leading owner, operator and developer of all-inclusive resorts in popular vacation destinations in Mexico and the Caribbean. It owns and manages a total portfolio consisting of 22 resorts located in Mexico, Jamaica and the Dominican Republic.
The White & Case Debt Finance team was led by partner Eric Leicht (New York), and included partners Juan Antonio Martín and Andrés Mosqueira (both in Mexico City) and associates Ian Hua (Boston), Tim Landwehr (Chicago), Gustavo Diaz and Carlos Alonso Arellano (both in Mexico City).
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