AKL has advised Alpha Bank acting as original subscriber, mandated lead arranger, bondholder agent, and administrative agent on the issuance of an up to EUR 362 million common bond loan by Astir Palace Vouliagmenis.
According to AKL, Astir Palace Vouliagmenis operates in Greece's hospitality sector and is the owner of the ultra-luxury hospitality resort Four Seasons Astir Palace Hotel Athens. The funds will be used “for the refinancing of the existing banking indebtedness of Astir Palace Vouliagmenis and for the funding of the construction costs of the project for the comprehensive redevelopment of the tourist port-marina of Vouliagmeni.”
AKL did not reply to our inquiry on the matter.
