Source - Alliance News
Hostelworld Group PLC - Dublin-based hostel booking company - Announces voluntary early repayment of €10 million of its €30 million term loan facility. Represents 30% of the outstanding five-year facility.
Following this early repayment, the current outstanding debt to HPS Investment Partners LLC is €24.4 million, which includes PIK interest of €4.4 million. Hostelworld says it continues to make progress on plans to refinance the remaining balance of the facility.
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