According to the Bank’s website, the proposed investment is a corporate loan to three Cabo Verdean group entities of the Oasis Atlantico Group (OA), an established owner/operator, which has been running 4 and 5 star resort hotels for more than 25 years. The Co-Borrowers of this investment will be: (i) Oasis Atlantico Imobiliaria, S.A.; (ii) Sal Hoteis, S.A., (iii) Hotelmar, S.A. The proceeds will be used to replace OA's existing debt. The investment will enable OA to rationalize the lender group by repaying smaller lenders. It will also allow to: (i) enhance the Group's financial structure, through longer maturities, mitigating the impact of the COVID-19 pandemic and provide operational liquidity for the Group during the anticipated sector recovery period (2021-2025); and (ii) free up cash generation required to finance critical maintenance capex, which will ensure that the hotels remain compliant with the global best industry standards.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Oasis Atlantico Group||Parent Company||-|
Oasis Atlantico Portugal, S.A.
Rua Hermano Neves, n? 22 - 4?C 1600-477 Lisboa - Portugal
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