Super Senior

Azerion enters into an Intercreditor Agreement and a Super Senior Working Capital Facility

Retrieved on: 
Thursday, April 4, 2024
ACT, EUR, Super Senior, Citibank Europe, AMERICA, Citibank, NOT, AS, Bank

Amsterdam, 4 April 2024 – Today, Azerion Group N.V. (the “Company”) announces it has entered into (i) an Intercreditor Agreement and (ii) a Super Senior Working Capital Facility Agreement with Citibank Europe plc (as original lender and agent), Citibank N.A., London Branch (as arranger) and Nordic Trustee & Agency AB (PUBL) (as security agent), amongst others, under which the Company is granted a EUR 15,000,000 super senior revolving credit facility (the "Super Senior Working Capital Facility").

Key Points: 
  • Amsterdam, 4 April 2024 – Today, Azerion Group N.V. (the “Company”) announces it has entered into (i) an Intercreditor Agreement and (ii) a Super Senior Working Capital Facility Agreement with Citibank Europe plc (as original lender and agent), Citibank N.A., London Branch (as arranger) and Nordic Trustee & Agency AB (PUBL) (as security agent), amongst others, under which the Company is granted a EUR 15,000,000 super senior revolving credit facility (the "Super Senior Working Capital Facility").
  • The entry into the Intercreditor Agreement and the Super Senior Working Capital Facility is as contemplated by and permitted under the terms and conditions of the EUR 165 million senior secured floating rate bonds, issued by the Company under a framework of EUR 300 million (the "Bonds").
  • Funds drawn under the Super Senior Working Capital Facility may be used by the Company for general corporate purposes including working capital and acquisitions.
  • The commercial conditions of the Super Senior Working Capital Facility are in line with market practice.

eDreams ODIGEO hits all-time quarterly record in bookings and adds over half a million new subscribers

Retrieved on: 
Wednesday, August 31, 2022
EDreams, COVID-19, Line of credit, CEO, Super Senior, Edo, EDreams ODIGEO, ODIGEO, Growth, COVID, Travel, Pharmaceutical industry, Video game, Bank, The Only Game in Town (El-Erian book)

With 247 websites and apps in 44 countries, 21 languages and 37 different currencies on one central platform, eDreams ODIGEO (eDO) now covers 80% of the global travel market.

Key Points: 
  • With 247 websites and apps in 44 countries, 21 languages and 37 different currencies on one central platform, eDreams ODIGEO (eDO) now covers 80% of the global travel market.
  • In the first quarter of the fiscal year 2023, eDO achieved a Bookings record, reaching 4.4 million bookings, the highest ever recorded in a single quarter.
  • eDO Bookings performance is materially better than the market, with a business that has increased its quality with the pivot to subscription.
  • eDreams Prime, the world's first travel subscription programme, reached 3.2 million members in the first quarter and 3.5 million as of August 28th.