eDreams Odigeo launches a bond issue worth 425 million euros due in 2023

The online travel agency eDreams Odigeo announced on Monday the launch of an offer of senior secured bonds worth 425 million euros and due in 2023.

According to eDreams Odigeo, the company itself and some of its subsidiaries will guarantee the bonds, which will be insured by certain assets of the agency, has informed the National Securities Market Commission (CNMV).

If the offer is completed, it is foreseen that the net amount obtained, together with the existing cash on the balance sheet, will be used for the total amortization of the outstanding senior guaranteed bonds, denominated in euros, with a coupon of 8.50% and due in 2021.