eDreams ODIGEO €600 million refinancing
Davis Polk advised eDreams ODIGEO in connection with the issuance of €425 million aggregate principal amount of 5.50% senior secured notes by eDreams ODIGEO and the entry into a €175 million super senior revolving credit facility and super senior bank guarantee facility by eDreams ODIGEO and certain of its subsidiaries. The proceeds from the financing will be used to refinance the existing 8.50% notes due 2021 of eDreams ODIGEO, as well as for general corporate purposes.
The eDreams Group, which includes the eDreams, GoVoyages, Opodo and Travellink brands and the metasearch engine Liligo, is a leading online travel agency with a presence in 43 markets, whose principal operations are located in France, Germany, Spain, Italy, Portugal, the United Kingdom, Switzerland and the Nordics.
The Davis Polk corporate team, which provided New York, U.S. federal, English and French law advice, included partners Jeffrey R. O’Brien, Nick Benham and Christophe Perchet and associates Paula Querol, Maxim Van de moortel, Patrick Ryan and Li Lin. Counsel Alon Gurfinkel provided U.S. tax advice. Partner Jonathan Cooklin provided U.K. tax advice. Partner Gregory S. Rowland provided 1940 Act advice. Members of the Davis Polk team are based in the London, Paris, Madrid and New York offices.