...October 21, 2024 PARIS (S&P Global Ratings) Oct. 21, 2024--S&P Global Ratings today assigned its 'B+' issue rating and '2' recovery rating to the 500 million senior secured notes that AccorInvest Group S.A. (AIG; B/Stable/--) plans to issue. AIG will use the proceeds from the proposed 500 million fixed-rate senior secured notes, due 2031, to partial repay, in equal amounts, its existing term loans A and B. Following the completion of the issuance, AIG's capital structure will comprise: - About 510 million of a term loan A maturing June 2027; - About 1,260 million of a term loan B maturing December 2027 (with a potential option to extend maturity by one year); - A 250 million fully drawn revolving credit facility (RCF) due December 2027 (with potential option to extend maturity by one year); - 441 million of an amortizing government-backed loan (Pret garanti par l'Etat, PGE) maturing March 2027; - 750 million of senior secured notes due September 2029; and - 500 million of senior secured...
